well for example self-checkout machines at the store
you used to have 5 cashiers, who worked and paid tax
now you have 1-2 self-checkout machine managers, and machines that do way more work without any breaks, yet there are no taxes for that efficiency
Right, so there’s less W2 employees.
Let’s say the company becomes more efficient, does more sales, then more sales tax, then grows revenue, more corporate tax, expands to other locations, more property tax, generates a dividend for shareholders, more capital gains tax.
It will be ok, the government theft is safe.
hmm, never heard the term W2 employees before 🤔 learning a lot here
what about the monopoly risk and also what would it be like if no taxation took place on automation?
I think the real monopoly risk is the state’s monopoly on violence, which enables it to tax without end.
Taxing a vague concept like workforce downsizing due to automation is a slippery slope indeed. You could essentially levy “automation taxes” on anything that increases productivity, which is pretty much all technology.
