Friday, September 8, 2017

The Push Towards Automation Is Driven By Taxation

Workers are being replaced by automation, AI, and robots, not because they're necessarily more efficient (at least now) but rather taxes. Corporate inversions, moves that send headquarters and workers to more tax efficient countries, are sending jobs overseas due to cheaper labor costs. If cycle inversions are no longer allow, will force companies towards automation. Suggesting taxation as the tool to prevent the proliferation of automation reflect the intense ignorance of how the economy really functions by many of today's sitting politicians.

Headline: San Francisco wants to make sure a robot does not replace you

A California lawmaker wants a tax put in place on robots that automate jobs and put people out of work. Yahoo Finance’s Alexis Christoforous, Justine Underhill and Rick Newman will debate if this tax is necessary.



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