There could also be a moral case for dropping taxation on industrial inputs altogether, and tax solely on the outputs. That would mean zero rating the labor input. No more income tax or income related welfare tax, which this article posits will be dropping away anyway as more automation arrives. Instead, the outputs of the economy would be taxed.

Revenue would then come from the consumption of economic output via a sales tax, most likely a new, progressive tax based on your annual spending rather than a flat percentage of every sale. It could be applied on the manufacturers profits via corporation tax but taxes are for the benefit of actual people so I’d lean on the former rather than the latter. The more you rely on corporation tax the more vulnerable you are to international shenanigans.

How would you feel if your take home pay nearly doubled but you had to pay X% of your credit card bill to the taxman?