New levy could deliver basic income of £10000 for all to slit risk of job losses to robotsBritain could raise new taxes on Amazon,Facebook and Apple to give every citizen under the age of 55 as much as £10000 in a form of universal basic income (UBI), according to a study, or helping to counter the growing risk of job losses from automation and artificial intelligence. The Royal Society of Arts is proposing that the government develop fresh taxes on tech firms,introduce wealth taxes, or borrow money from the financial markets to create a Norwegian-style sovereign wealth fund to pay for UBI.
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Source: guardian.co.uk