Far-left New York City Mayor Bill de Blasio, whose campaign for the Democratic presidential nomination is getting less than 1 percent support in polls, wants to create a “robot tax” and a massive new government bureaucracy to slow the progress and innovation that have made America the world’s economic powerhouse.
Under de Blasio’s proposed “robot tax,” companies that replace jobs with automation would have to pay the equivalent of five years of payroll taxes for each employee whose job is lost, making cost-saving innovations far less attractive.
According to a news release from the de Blasio campaign, money collected from this massive tax increase and from “closed tax loopholes” for businesses would be used to create “new, high-paying union jobs in crucial fields such as green energy, health care, and early childhood education. Workers displaced by automation would go to the front of the line for these new positions at comparable salaries to their previous jobs.”
De Blasio doesn't know who to tax next.
De Blasio doesn't know who to tax next.
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