Thursday, March 14, 2019

Taxing Robots

When I was growing, people were paid to do repetitive routine tasks.   The workers paid taxes.  Nowadays, robots do some of these tasks, in much less time.  The robots don't pay taxes.  The is a two fold problem, less people making money and less income taxes being paid.

Here's my trial solution:

  • Tax all robo calls at $.01 per call initiated.
  • At 4 robo calls per phone/day, 300 million phones, 365 days a year, $4.38 billiion in taxes would be collected per year.  At a $.10 tax per call, that would be $43.8 billioin in taxes per year.
  • Tax revenue may go down due to reduced number of robo calls.  But that is a benefit also
This would be a prototype solution for how to tax other robots in an effective, and efficient manner and compensate for the reduction in workforce.

For more on Crossing Generations, check back Thursdays for a new segment.

This is not financial, tax or work advice. Please consult a professional advisor.

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