Vinod Khosla Proposes Scrapping Taxes For Workers

Venture capitalist Vinod Khosla wrote on X on Feb. 16, 2026, that AI-driven job losses could justify scrapping income taxes for most Americans and instead raising taxes on capital. He proposed equalizing capital gains to ordinary income and said such changes could eliminate roughly 125 million taxpayers while remaining revenue-neutral. Khosla criticized tax breaks like tax-free borrowing against unrealized gains as special-interest giveaways.