Opinon: The 2020 presidential race has a new frontrunner for the worst idea. By pearkes.
New York City Mayor Bill de Blasio, a 2020 Democratic presidential candidate, rolled out a"robot-tax" plan that would tax companies who"automate" jobs. The idea is not only bad but also unnecessary. Data shows there is not a massive number of US workers being replaced by machines right now. There are also a slew of other, smaller issues with de Blasio's"robot-tax" idea. George Pearkes is the Global Macro Strategist for Bespoke Investment Group.
New York City Mayor Bill de Blasio, a 2020 Democratic presidential candidate, rolled out a"robot-tax" plan that would tax companies who"automate" jobs. The idea is not only bad but also unnecessary. Data shows there is not a massive number of US workers being replaced by machines right now. There are also a slew of other, smaller issues with de Blasio's"robot-tax" idea. George Pearkes is the Global Macro Strategist for Bespoke Investment Group.
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