A World Without Work by Daniel Susskind

Author:Daniel Susskind
Language: eng
Format: epub
Publisher: Henry Holt and Co.

TAXATION

Today, taxes are not a topic that tends to excite people. People like talking about taxes almost as little as they enjoy paying them. But in a world with less work, taxation will be a critical mechanism in solving the distribution problem. A Big State will have to tax income where it still remains and share it out to the rest of society.

The first question, then, is whom or what to tax. And the simple answer is to follow the income. The previous discussion of the trends in economic inequality provides a strong sense of where money might be found in the future: increasingly, the part of the pie that goes to workers is shrinking relative to the part that goes to those who own traditional capital. What’s more, as we have seen, both of those parts are themselves being sliced up ever more unequally, the traditional capital segment particularly so.

As we approach a world with less work, these trends may not hold at the same pace in all places. The Big State will need to be nimble-footed in identifying exactly where income is tending to gather and accumulate. But given current trends, there are three likely places to look.

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