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September 9, 2019 11:30 pm

NYC Mayor and Presidential Hopeful Bill De Blasio Wants a Tax On Robots

In an opinion article published last week on Wired, New York City Mayor and 2020 Democratic presidential candidate Bill de Blasio said as president he would issue a robot tax for corporations displacing humans and would create a federal agency to oversee automation. CNET reports: "The scale of automation in our economy is increasing far faster than most people realize, and its impact on working people in America and across the world, unless corralled, will be devastating," de Blasio wrote. De Blasio would call the new regulator the Federal Automation and Worker Protection Agency, which would safeguard jobs and communities. In addition, his proposed "robot tax" would be imposed on large companies that eliminate jobs as they become more automated. The tax would be equal to five years of payroll taxes for each employee eliminated, according to De Blasio.

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