No, Robots Should Not Be Taxed
— March 3, 2017
By Robert Seamans
There’s no question that the potential increase in robots and automation requires policy makers to rethink fiscal policy for the 21st century (and other policy as well, such as education and retraining policy). But, based on the data we currently have, a tax on robots would be bad policy. Robot taxes would dissuade firms from investing in robots, which would lower economic growth, and, to the extent that robots complement labor in some cases, would lead to less hiring and lower wage growth.
Read the full article as published in Forbes.
Robert Seamans is Associate Professor of Management and Organizations.