Bill Gates Wants to Tax Robots’ Labor

Published by , February 20, 2017 12:00 pm

(Fortune) Microsoft founder Bill Gates recently said that robots who replace human workers should incur taxes equivalent to that worker’s income taxes. Gates argues that these taxes, paid by a robot’s owners or makers, would be used to help fund labor force retraining. Former factory workers, drivers, and cashiers would be transitioned to health services, education, or other fields where human workers will remain vital.
Gates says, the impact of robotics and artificial intelligence in the next 20 years will be a much more concentrated version of the steady, incremental displacement that was common throughout the 20th century. The market alone won’t be able to deal with the speed of that transition.

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