India will ban driverless cars in order to protect jobs

Re:India will ban driverless cars in order to protect jobs by jimmywanger on Tuesday July 25, 2017 @12:24AM (#14845115)

Corporations and rich people have ways (completely legal) to get around taxes. If the tax burden becomes too onerous, they'll just move residences and/or stop doing business in your country.

You can see this in one of the founders of Facebook - he renounced his US citizenship, because of the onerous tax burdens. (https://bits.blogs.nytimes.com/2012/05/11/a-facebook-founder...)

It's foolish to just say "we should tax rich people and rich corporations more." You're incentivizing them to not play the game, and wealthy people generally have more abilities to evade taxes than people in the lower upper class or middle class, which is who the burden will inevitably fall upon.

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Re:India will ban driverless cars in order to protect jobs by egypturnash on Tuesday July 25, 2017 @05:22PM (#14851971)

We just have to start guillotining them again, I guess. You need a good revolution once every generation or three to keep capital scared.

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Re:India will ban driverless cars in order to protect jobs by jimmywanger on Wednesday July 26, 2017 @12:32AM (#14853657)

Did you not see my previous comment about capital flight?

This is not the middle ages anymore, where peoples' riches are tied up in real estate and machinery. Immovable capital.

Capital is fluid these days. If you start guillotining people for absolutely nothing except being rich (which is what you're insinuating) they'll just leave and take all the capital and productive capacity with them. See Venezuela.

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