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The simplest thing to consider is what kind of revenue will be collected as far fewer people earn income and, as a consequence, purchase fewer goods and service
by bobwaycott 10y ago
The simplest thing to consider is what kind of revenue will be collected as far fewer people earn income and, as a consequence, purchase fewer goods and services. These things require jobs and income.
- alkonaut 10y agothey just require the same amount of wealth to be created and redistributed. If a factory that used to employ 100 now employs 1 robot the taxes need to be the same (so higher taxation, since now those taxes come only from the corporate taxes plus income/wealth of owners of the factory and people who make robots and not income/payroll of employees. These taxes now basically have to finance universal income as well as the roads/schools it used to fund). But I don't see the problem with having the same taxation given that the same value is created. Potential problems I see are only international when huge taxes on wealth or corporate profits cause people and corporations to move - but that should be solvable too. Rather - it will be possible in countries that accept a system of massive redistributive taxes.