Robot Tax To Fund A universal Basic Income?
Robot tax has been put forward in California. The robot tax was first suggested by Bill Gates. Bill is concerned that artificial intelligence and robots will replace human workers permanently. The downside of this for property investors is obviously;
“How does my tenant pay the rent if a robot has taken their job?”
Now that is a good question. Just for the record I don’t have the answer. What I do have is a way to “future proof” your investment property so that you don’t have to worry.
A robot tax could provide a universal basic income
A MAcH 10 long term lease means your property is fully tenanted for up to 25 years. No matter what happens in the future your blue chip tenant has to pay the rent.
When I say blue chip I mean a government supported not for profit registered housing provider with a balance sheet in the hundreds of millions of dollars.
It doesn’t get much better than that.
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