Re:Sam Altman and Andrew Yang talk UBI
by dragonwriter on Wednesday January 01, 2020 @10:49AM
(#21928463)
> It effectively raises the price the company has to pay and thus lowers profits.
Just like any other tax on employee income does, yes; unlike taxes on company profits, and like other taxes on employee income, it's effect on the company can be minimized by finding (or developing) and adopting less labor-cost intensive business methods even if they are higher (before tax) total cost.
Just like any other tax on employee income does, yes; unlike taxes on company profits, and like other taxes on employee income, it's effect on the company can be minimized by finding (or developing) and adopting less labor-cost intensive business methods even if they are higher (before tax) total cost.