{"text":[[{"start":11.13,"text":"One of OpenAI’s early investors has proposed eliminating income tax on Americans earning less than $100,000 by raising capital gains levies, arguing politicians need to offset voter fears about AI taking their jobs."}],[{"start":27.509999999999998,"text":"Vinod Khosla said individuals’ capital gains should be taxed at the same level as income, which he has calculated would allow 125mn less affluent Americans to pay no federal income tax without hurting government revenues. "}],[{"start":44.36,"text":"The billionaire told the FT the tax change was needed because AI has accelerated a shift of wealth and power away from workers. He said taxing the value created by the technology, in the form of capital gains on investments, could ease the transition."}],[{"start":63.3,"text":"Khosla, whose venture firm has invested heavily in AI, made the comments at a Washington forum this week. He argued anxiety over job losses was already widespread and likely to shape US politics. "}],[{"start":78.45,"text":"“When I talk to people, the biggest thing is fear of AI taking their job by far,” he told the FT, adding that it would be “the single biggest issue” in the 2028 US presidential election cycle."}],[{"start":93.68,"text":"AI has risen up voters’ list of concerns this year, as the technology’s impact on issues as diverse as jobs, the economy, mental health and warfare have become more apparent."}],[{"start":106.11000000000001,"text":"The Trump administration has favoured a light-touch approach to regulation, resisting efforts by individual states to impose stricter rules. But there are signs of a growing split within his Maga coalition, with some within the president’s base demanding a crackdown on AI."}],[{"start":123.51000000000002,"text":"Khosla, a major Democratic donor in recent election cycles, said that the Trump administration had “generally done a pretty good job” on AI policy."}],[{"start":134.64000000000001,"text":"He praised AI and crypto tsar David Sacks and senior State Department official Jacob Helberg, who co-hosts this week’s Hill and Valley Forum. Helberg is married to Keith Rabois, a managing director at Khosla’s firm."}],[{"start":150.84,"text":"But he also argued that Trump himself has a “complete lack of values of any sort” and has a “negotiating style that destroys credibility”. "}],[{"start":161.18,"text":"Khosla said he had not decided who to back for president in 2028. He criticised the two most discussed Republican contenders — vice-president JD Vance and secretary of state Marco Rubio — for tolerating Trump’s “values”."}],[{"start":178.68,"text":"But he also critiqued Democrats, claiming that the party’s lagging fundraising heading into the November midterm elections is because of donor “frustration with going too far left”. "}],[{"start":190.83,"text":"He said he had talked “briefly” with California governor Gavin Newsom, a Democrat, about AI, but was looking for a “surprise” presidential candidate to emerge."}],[{"start":202.32000000000002,"text":"“Democrats are too focused on the wrong thing, which is job preservation, not providing security to those who are displaced,” said Khosla. “Those are fundamentally different things. So, we’ll see who comes out in the middle.”"}],[{"start":217.26000000000002,"text":"“My view is every election cycle we have a surprise,” he later added. “Obama was a surprise. Trump was a surprise . . . So I’m hoping we’ll have a surprise.”"}],[{"start":238.29000000000002,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1774855228_5856.mp3"}