The technological race among industry giants and the wave of layoffs they have announced has revived the debate about the advisability of taxing automation
Not an expert at all, but I think to an extent this already happens with the current system in most countries, and it would probably need to be done much more now. Not that Automation pays more taxes, but that having employees generally qualifies companies for tax breaks.
For instance, when Amazon said “we’re going to open a new HQ”, Cities and States tripped over themselves to try and give them the largest tax breaks. But that was under the assumption that the HQ would give jobs to tens of thousand of people, not to 5 data scientist and a massive, energy-hungry data center.
AI shouldn’t pay taxes, but the companies making them should
Not an expert at all, but I think to an extent this already happens with the current system in most countries, and it would probably need to be done much more now. Not that Automation pays more taxes, but that having employees generally qualifies companies for tax breaks.
For instance, when Amazon said “we’re going to open a new HQ”, Cities and States tripped over themselves to try and give them the largest tax breaks. But that was under the assumption that the HQ would give jobs to tens of thousand of people, not to 5 data scientist and a massive, energy-hungry data center.