If labor is being replaced by capital, which it is, then the revenue should come mostly from…
Scott Santens
9811

Great article. I agree with most of your points except for VAT type consumption tax. We shouldn’t tax labor or consumption both of which keep the capital flowing instead of being hoarded and stagnated, thereby contributing to inequality. We should instead tax the extraction of resources from our commons (minerals, genome, capacity to absorb waste, etc.), and discourage hoarding by eliminating interest (or applying negative interest). These measures, along with UBI, will encourage the type of labor and consumption that are good for the society and planet, not the type of wasteful consumption we are forced to engage in to shore up our economic growth.

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