“…..This all stems from the fact that tax policies are designed to tax labour rather than capital.”
Bill Gates suggested taxing robots. That would encourage companies to shift their investment in automation to jurisdictions that don’t tax robots. This article provides more nuanced (if less far-reaching) proposals to tinker with the tax code.
My modest suggestion: enable companies to deduct 150% of their actual wage expense from their income for tax purposes. (Or 125% or 200%… t.b.d.). This would result in increased employment. The reduction in corporate tax receipts would be (mostly?) offset by increased individual tax payments and increased consumption tax payments
theconversation.com/why-we-should-start-taxing-the-robots-that-are-taking-human-jobs-91295
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