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"Tax the income stream from automation" This should be covered by corporate income tax, no?
by jgmmo 11y ago
"Tax the income stream from automation"
This should be covered by corporate income tax, no?
- savanaly 11y agoBetter yet a healthy consumption tax.
- toomuchtodo 11y agoConsumption taxes are typically regressive, and overly impact low-income consumers.
- crdoconnor 11y agoThey're always regressive. That's why the rich love them.
- savanaly 11y agoForgive my ignorance but how are they regressive? If you tax the money people spend and the rich spend more, that's neither regressive or progressive right? And to get the right amount of progressiveness we could just adjust the percentage tax on luxury items.
- toomuchtodo 11y agoIt should be, but right now we give tax breaks for capital expenditures (software, robotics, the things eating the world's labor market). Also, it doesn't work if you can get your effective tax rate down to zero through loopholes.