Companies that replace workers with robots should be taxed in a new settlement between work and leisure. We need urgently to face the challenge of automation; robotics that could make so much of contemporary work redundant
Moon Jae-in administration said it will downsize the tax deduction benefits that previous governments provided to enterprises for infrastructure investment aimed at boosting productivity. Though it is not about a direct tax on robots, it can be interpreted as a similar kind of policy considering that both involve the same issue of industrial automation
I do not want to stop progress, but there are, according to estimates, three million jobs at risk. Robots must be a help to human effort, not a replacement of human beings. Otherwise in thirty years in Italy we will only have restaurants, radios and not much more.
Former finance minister of Greece, is Professor of Economics at the University of Athens
Either the robot sales tax should be dropped or it should be generalized into a capital goods sales tax. But imagine the uproar against a tax on all capital goods: Woe betide those who would diminish domestic productivity and competitiveness!
First, I cannot see any logic to singling out robots as job destroyers. There are many kinds of innovation that allow the production of more or better output with less labor input. Why pick on robots? Second, much innovative activity, even of a robotlike variety, involves producing better goods and services rather than simply extracting more output from the same input. Third, and perhaps most fund...See More