Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
Do These Idiots Know What They’re Doing?
Yep, there are politicians who think we should tax robots which replace workers to make up for lost taxes. Here’s a pull quote:
“A robot that replaces a factory worker who produces say, $50,000 of work annually, should be taxed at the same level to offset losses in income and Social Security taxes, [Bill] Gates calculates.”
Insanity. The left boosts the minimum wage, which either closes businesses outright or results in automation being used to replace workers. Now governments are looking at taxing C3PO who is now making fries in a Seattle McDonald’s. If businesses cannot escape the minimum wage law by replacing workers with robots, the businesses will cease to exist, period.
Way to go, leftists. Way to go . . .
Published in Technology
And no doubt they were not in order either . . .
Absolutely not. A VAT tax is destructive of any business unless it’s exempt (which is not fair to businesses that aren’t). Government using laws and regulations to pick winners and losers goes against the strength of capitalism, which is letting business respond to market forces.
However, the Fair Tax is great for business and individuals. I became convinced about the Fair Tax after reading the books. They’re on Amazon, so check ’em out!