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Before we go taxing machines, we might start with reducing payroll taxes.
by zardo 9y ago
Before we go taxing machines, we might start with reducing payroll taxes.
- jacobolus 9y agoThe long-term (and very successful in many countries) right-leaning policy strategy for decades has been replacing inheritance and capital gains and corporate profit taxes with income taxes, income taxes with (capped) payroll taxes, property taxes with sales taxes, shifting liability from corporations to employees and customers, privatizing public infrastructure and services, breaking down collective bargaining rights, cutting real minimum wages and worker protections, etc., as a way of shifting financial burdens away from capital and the financial services industry and the idle rich and toward workers and citizens. You’re going to need a huge political upheaval and significant effort to educate the public to push things back in the other direction. Instead of taxes on automation I would recommend taxes on wealth and land value taxes, and very steep taxes on large inheritances, along with scrutinizing/outlawing various ways of hiding wealth by shifting it around between complicated webs of anonymous shell companies.
- fartblaster9000 9y agoYou know I don't see the point of working beyond my means (taking on risk) if I can't give that to my kids in some way.
- crdoconnor 9y agoOr increasing taxes on land and various forms of unearned income.
- fartblaster9000 9y agoSo raising the rent on homes, got it. Good idea.