The displacement among workers occasioned by the invasion of robots and computers has far-reaching social and economic implications. It basically means unemployment for the displaced workers. As in sin taxes where government derives support for certain public health programs, revenues that can be derived from robot taxes can be used to create conditions that help generate employment for displaced workers, or promote training or capacity-building activities that would enable the displaced workers to find alternative sources of livelihood. Investments in health, climate change and income inequalities, among other current development issues, can generate opportunities for the displaced workers. It argues for taxation of robots that applies the principles of efficiency, equity, stabilization of international capital markets, and administrative feasibility."

Source: Manila Times April 20, 2022 04:12 UTC