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Lawrence H. Summers disagrees: Robot Tax

Harvard economist and former US Treasury secretary

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 fundamentally, why tax in ways that reduce the size of the pie rather than ways that assure that the larger pie is well-distributed?


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