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> If the robots are making people unemployed, then you don't need to tax any more in the first place. Just hire the people to work for the public good and pay t
by DougN7 3y ago
> If the robots are making people unemployed, then you don't need to tax any more in the first place. Just hire the people to work for the public good and pay them a living wage.
Where does the money come from to do this? Imagine the extreme where all private work is done by robots. Now only government workers are paying themselves taxes, doing ever less needed work (since robots are now doing so much). And, their taxes have to equal their salary, or the government coffers will soon empty. That doesn’t seem to be a workable solution.
- neilwilson 3y agoThe money comes from spending the money. It’s a simple geometric series that your average 15 year old can do. You spend £100, that is taxed at 20%, leaving £80 to spend. That £80 is earned as income which is taxed at 20% leaving £64 to spend, and so on. Like a stone skipping across a pond. Robots have owners and maintainers. They eat food and live in houses like you and me. Their choices are the same - spend or save.