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.
I teach International Finance at the Kellogg School of Management. I set up this account to ke
We find that when robots are relatively expensive, taxing them is useful in terms of improving the distribution of income between routine workers, whose jobs can be automated, and nonroutine workers, who benefit from automation.
Guardian columnist & writer, political editor at The Pool, author of Half a Wife, sometimes on
But Conservatives shouldn’t mock the robot tax unless and until they’ve got something better to offer. Labour is on to something, even if it’s not yet quite sure what, and the Tories are running out of time to catch up.
A moderate tax on robots, even a temporary tax that merely slows the adoption of disruptive technology, seems a natural component of a policy to address rising inequality. Revenue could be targeted toward wage insurance, to help people replaced by new technology make the transition to a different career. This would accord with our natural sense of justice, and thus be likely to endure.
Luxembourgish politician and Member of the European Parliament
[There might be a] need to introduce corporate reporting requirements on the extent and proportion of the contribution of robotics and AI to the economic results of a company for the purpose of taxation and social security contributions.
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
Robotic manipulators have been replacing humans on factory floors around the world to produce better goods, in larger numbers at more affordable prices, for the past 50 years. There’s no reason why more advanced robots should be treated differently from a tax perspective.
Auteur, chroniqueur économique (CPA Magazine et Journal de Montréal/Québec) et toujours en quê
And couldn’t this [robot tax] result in double taxation for businesses, including many SMEs? Today, a company that uses technology to increase productivity pays taxes on its profits. However, if using a robot helps a company generate more profit, it will then have to pay more income tax plus a tax for having used a robot to increase its profitability.
Founder Endeavour Media. Financial columnist for WSJ MarketWatch, Daily Telegraph and Money We
In truth, AI and robotics promises to fuel a new wave of growth, which the world could certainly use. Even if it doesn’t, it will certainly replace lots of dull tasks, and remove a lot of daily drudgery. The last thing we want to do is tax that out of existence — no matter how many software billionaires tell us we should.
Going ahead with a robot tax or other measures that would discourage investment in capital would be hugely damaging for the UK.
The UK already suffers from a low capital-labour ratio, which is dampening productivity growth and holding back wage increases. Corbyn's plans would exacerbate this problem and simply encourage new technologies and economic activity to locate elsewhere.
The result w...See More