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What's the reason to single out robots and not other means of production / capital though? There's no real distinction between a robot and a drilling machine, c
by RivieraKid 10y ago
What's the reason to single out robots and not other means of production / capital though? There's no real distinction between a robot and a drilling machine, car, accounting software or anything that improves productivity.
- naveen99 10y agohere in texas, the county governments tax income producing property: http://www.appraisaldistrictguide.com/personal-property-tax.html http://www.appraisaldistrictguide.com/personal-property-tax.... its like, your business shouldn't be too dependent on the local government, just like it shouldn't be too dependent on 1 employee, or one copy of data. that's why some businesses negotiate with the government before expanding into a new area.
- welanes 10y agoYou raise a good question. In most cases there's a person manning that drilling machine, driving that car, or typing into that piece of software. This draft legislation anticipates a secular change in the labour market whereby autonomous robots displace the need for humans so significantly that the pool of taxable labour vanishes for good. Meanwhile economic output increases but there's no taxation system in place for the government to take a slice. So shift the tax burden to the robots. It's far from perfect but sure as hell somebody (or something) is getting taxed.
- pmontra 10y agoThere is VAT. If the output really increases then VAT's output increases too. However, of nobody works who's going to pay that VAT? We'll see how it will play out. This proposal reminds me of world of Time of EVE, an anime with truly electronic persons. It's all on YouTube.