Monday, February 20, 2017

Robots that take human jobs should pay taxes - Bill Gates

Microsoft co-founder and philanthropist Bill Gates has called for a tax on robots to make up losses due to automation.

“Certainly there will be taxes that relate to automation. Right now, the human worker who does, say, $50,000 worth of work in a factory, that income is taxed, and you get income tax, social security tax, all those things. If a robot comes in to do the same thing, you'd think that we'd tax the robot at a similar level,” the billionaire said in an interview with news website Quartz.

Governments should tax corporations’ use of robots to at least temporarily gear down the spread of automation and to fund other types of employment, according to Gates ....