We can't find the internet
Attempting to reconnect
Something went wrong!
Hang in there while we get back on track
Comment by Lawrence Summers
Former U.S. Secretary of the Treasury; President Emeritus of Harvard University; economist
Why pick on robots? [...] I don't think simply trying to resist or stop technology is a viable strategy. I don't think it would be a viable strategy if it was adoptable on a global basis, but it's even less viable for a single country in international competition. A sufficiently high tax on robots would prevent them from being produced. It follows that there is as much a case for subsidizing as taxing types of capital that embody innovation.
Unverified
source
(2017)
Polls
replying to Lawrence Summers