You are viewing a single comment's thread from:
RE: AI And The Field Of Infinite Possibilities
More important then reducing the working hours will be to reduce income tax.
In most western countries income tax + value added tax can easily exceed 50%.
With AI not having to pay income tax this could very quickly make human work so expensive that no amount of work hour reduction will make human work competitive.
Note that income tax is only about a hundred years old and might been one of the fundamental mistakes governments made in the last century.
hi @krischik
Great point. I strongly believe that AI and robots need to be also taxed. Right now all human labour is fully taxed and it's obvious that with time this source of funds will be drying out.
@krischik, Agree with the points raised except a bit lost with this one:
Would you care to explain?
An AI you buy once. Then you have a service contract and general running cost. None of which are as highly taxed as human labour.
Human labour however is basically taxed twice: Via value added tax – which applies to AI as well — and income tax. Which only applied to human labour and making human labour uniquely expensive.
Got it, @krischik.
Thanks for the explanation, much appreciated.