Yesterday. I made a YouTube video explaining why this is a bad idea.
https://youtu.be/SyvqY7h3pck
It's one minute and explains why the productivity of robots is already accounted for in our current income tax system.
Cliffs:
Bob has a job in which he adds $50,000 worth of productivity and therefore has a salary of approximately $50,000.
Let's say there is a 10% tax, therefore tax revenue is $5,000.
Now let's say that robots help him out.
With the robots' assistance, Bob now adds $150,000 worth of productivity and therefore earns approximately $150,000.
Since taxes are 10%, tax revenue is $15,000.
Robots added $100,000 worth of productivity and therefore taxes increased by ($100,000 * 10% =) $10,000.
As you can see the productivity of the robots was taxed without having to levy a tax on robots. This is because robots are capital -- not consumers.
https://youtu.be/SyvqY7h3pck
It's one minute and explains why the productivity of robots is already accounted for in our current income tax system.
Cliffs: Bob has a job in which he adds $50,000 worth of productivity and therefore has a salary of approximately $50,000. Let's say there is a 10% tax, therefore tax revenue is $5,000.
Now let's say that robots help him out. With the robots' assistance, Bob now adds $150,000 worth of productivity and therefore earns approximately $150,000. Since taxes are 10%, tax revenue is $15,000.
Robots added $100,000 worth of productivity and therefore taxes increased by ($100,000 * 10% =) $10,000.
As you can see the productivity of the robots was taxed without having to levy a tax on robots. This is because robots are capital -- not consumers.