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The combination of AI, the digitalization of society and decentralized protocols pretty much means that taxation of work is going to become increasingly hard.
by louison11 3y ago
The combination of AI, the digitalization of society and decentralized protocols pretty much means that taxation of work is going to become increasingly hard.
You already can hardly tax a software company incorporated in Hong Kong (with 0% tax on foreign income) How can you tax an AI paid in digital currencies and incorporated nowhere?
Ultimately, we might have to drastically change how and where we tax people. There are many theories on this. I like geolibertarianism: tax the extraction of natural resources/land ownership.
- RandomLensman 3y agoAn AI would need to be able to own something in order to get paid. If the AI cannot own anything, then you can tax the AI owner.
- pydry 3y agoGeolibertarianism is probably an ideal from the perspective of a fair society but it would probably require quite significant violence to achieve. Similar to republicanism during the French revolution or the spread of communism in the 50s, it would likely invite invasion from foreign nations run by elites that are acutely aware of the threat this ideology poses to their power and privilege. Even getting it on the agenda in a democracy is a struggle against entrenched oligarchs who own a propaganda megaphone: https://www.dailymail.co.uk/news/article-4575382/How-Labour-garden-tax-hit-YOU.html https://www.dailymail.co.uk/news/article-4575382/How-Labour-... (LVT strictly speaking exists in a few places like Hong Kong but it's always very low, way below the threshold where it would be considered a threat - e.g. 3%)