And also: "Current tax policy and investment credits encourage capital over labour. Marginal tax rates on capital are about half of what they are on labour [...]. That biases entrepreneurs towards trying to find capital-heavy solutions instead of ones that involve labour. I do not see a public policy reason for having that kind of a bias. That is just one example of where the policy needs to take into account what it is doing and how it is shaping the trajectory of technological advances."
nojhan