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The economist hired by Valve had something to say about this plan. He proposes a Universal Basic Dividend that purportedly more effectively taxes automation. [1
by ctchocula 9y ago
The economist hired by Valve had something to say about this plan. He proposes a Universal Basic Dividend that purportedly more effectively taxes automation. [1] His goal is get rid of the incentive to dodge robot taxes by not taxing automation directly, but through giving everyone a portion of new IPOs. Then the capital gains attained by automation can be shared.
[1]: https://www.project-syndicate.org/commentary/bill-gates-tax-on-robots-by-yanis-varoufakis-2017-02 https://www.project-syndicate.org/commentary/bill-gates-tax-...
- deleted 9y ago[deleted]
- sooheon 9y agoThis is an elegant solution, and I like the fact that it literally gives everyone ownership in the means of production, but the author missed another easy solution: have a highly progressive income and capital tax. The former-Employer-now-turned-Robot-owner will pay tax at a higher bracket as he now earns what the now-redundant-employee used to make. Similarly, every time there is a consolidation in income (many workers earning wages to few robot owners making bank), total tax revenue will increase.