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A scenario I'm not sure has been talked about much is the notion of some kind of "Automation tax", in which industries that adopt automation that remove signifi
by icey 9y ago
A scenario I'm not sure has been talked about much is the notion of some kind of "Automation tax", in which industries that adopt automation that remove significant amounts of human labor pay an additional tax to offset lost jobs in order to pay for a basic income.
Ostensibly automation has the side-effect of reducing the cost of production, which should help stabilize prices against an influx of spendable currency (assuming the initial focus of basic income is needs-based versus a universal basic income).
- TheSmiddy 9y agoDon't need to tax 'automation', just profits, automation is already baked into that.