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Bill Gates Says Robots That Steal Human Jobs Should Pay Taxes

If a robot takes your job it should be paying taxes according to Bill Gates. The founder of Microsoft said machines should be taxed at a “similar rate” to humans, with the money used to help the elderly and education. Speaking in an interview with Quartz he said you can’t just “give up income tax” when jobs become automated.

“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.” Bill Gates

Taking the opportunity

“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.” Bill Gates “Certainly there will be taxes that relate to automation,” he added. “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.

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“If a robot comes in to do the same thing, you’d think that we’d tax the robot at a similar level.”

He added not only would the income from a tax help to reach out to the elderly, decrease class sizes and help children with special needs, it would also help free up more people to work in empathy led industries.

Can’t give up taxation

The American investor added it was time to start talking about how such a tax would work, and that robot companies wouldn’t be outraged.

He added: “At a time when people are saying that the arrival of that robot is a net loss because of displacement, you ought to be willing to raise the tax level and even slow down the speed of that adoption somewhat.

“[You need] to figure out, “OK, what about the communities where this has a particularly big impact? Which transition programs have worked and what type of funding do those require?”

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Written by PH

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