Robot Taxes

America has taxed “hands” working in the economy since 1911. So how do we tax a robot hand that replaces a human hand? 🦾💸🏛️

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I’m still pitching this story in real life. It isn’t pretty.

• Income taxes on labor were invented in 1911, but they aren’t going to work much longer.

• What CFO isn’t going to replace their people with robots? Who wouldn’t CAPEX and amortize the largest line item on their OPEX?

• we have to (finally) tax capital more than labor

• Capital in the 21st century (r > g). What happens if you have unlimited growth in “g”, but they are all owned by the “r”?

• local governments will need a way to limit market populism from siphoning capital away from their communities

• corporate taxes will increase. They will need to redistribute more capital into the local economies they displace

• Conspicuous consumption is the past—”conspicuous production” is the future. We’ll see 10X more products like Tom’s shoes (buy one, give one).

• world after capital

If we’re currently taxing “hands” working in the economy, and a robot hand replaces a human hand, shouldn’t the owner of the robot be required to pay the CAPITAL taxes and the LABOR taxes on that hand?

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