New York Mayor Bill de Blasio’s latest attempt to jump-start his inert presidential campaign includes a call for a new federal tax on robots. This unnecessary burden on businesses would expand the federal bureaucracy and fund boondoggle projects, and it is based on a faulty understanding of the relationship between jobs and automation.
In an column published last week by Wired , de Blasio outlines how his "robot tax" (his words) would work. Businesses that "eliminate jobs through increased automation" would be required to pay five years of payroll taxes, up front, for every employee replaced by a robot, de […]
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