Should the US implement a robot tax? | TechCrunch

Image for article Should the US implement a robot tax? | TechCrunch

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  • Second, if the replacement were made anyway, a robot tax would generate revenues for the government that would cover the loss of revenue from payroll taxes.The Institute’s views on the topic notwithstanding, I think that largely covers the idea in broad strokes, though I would add to it.
  • In our calibration, in line with the literature, this income tax turns out to be relatively efficacious, explaining why we find a relatively low tax rate.We didn’t come into this expecting this, and the relatively low number did surprise us.
  • But the impact on the wage distribution from automation is a key input for which there is much uncertainty.To your question: At the optimum, you are trading off improving the pre-tax wage distribution with the efficiency losses of the tax, reaching a sweet spot.
  • I’m sure there are those who would rather skip the jobs conversation altogether, but I firmly believe that approach is equally problematic.So let’s start from a point I think we can all agree on: Robots have and will continue to impact jobs.
  • “In addition, a robot tax would necessitate a definition of what comprises a robot.
  • A vast majority of people I speak to believe the impact will be positive — that the robots will either replace bad jobs or at the very least make them better.
A version of this story original appeared in TechCrunchs weekly robotics newsletter, Actuator. Subscribe here.A big and often unremarked upon aspect of being a reporter is knowing your audience. [+13779 chars]

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