Donnie Berkholz

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The better machines become at substituting for human labor, the bigger negative effect any tax or mandate will have on human employment. So in addition to subsidizing work via a negative income tax, we also support not taxing work as much in the first place and reducing burdens and mandates on employers. Like so much else at the intersection of economics and policy, this is easy to say and extremely hard to enact. How else, if not by taxes on labor, are expensive, popular, and important programs like Social Security and Medicare to be funded? How is health care coverage to be provided if not ...more
The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies
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