Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Business News

Bill Gates thinks every robot that takes a job should pay taxes

(BUSINESS NEWS) Bill Gates thinks every robot that takes a job should be taxed. How does he plan on executing that?

robot taxes

robot tax

Bill Gates is one of the biggest names associated with the personal computer revolution. Through Microsoft, Gates has been responsible for exponential increases in worker productivity and efficiency, as well as a forerunner of artificial intelligence. Now, he wants to tax robots for replacing humans.

bar
Increasing levels of automation and the coming of machines with artificial intelligence have many of us lowly humans worried.

What will happen if there’s a robot for everything and none of the robot middle management wants to throw a bone to a biological underdog?

helping the biological underdogs

One solution offered to smooth the transition for the masses of factory workers, cashiers, and other people who might lose their jobs to robots involves retraining these populations for jobs that still require a human touch, an element of empathy, or personalization.

In a recent interview with Quartz, Gates suggested that this training could be partially funded by taxing robots that replace humans, just as you would tax the wages of a human employee.

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

As far as where to send the extra revenue from the robot tax, Gates is in favor of “[doing] a better job of reaching out to the elderly, having smaller class sizes, helping kids with special needs . . . we still deal with an immense shortage of people to help out there.”

Advertisement. Scroll to continue reading.

Proposed plan

When questioned about whether the tax would disincentivize innovation, Gates responded saying, “you ought to be willing to raise the tax level and even slow down the speed of that adoption somewhat to figure out, ‘OK, what about the communities where this has a particularly big impact?’” He cites “warehouse work, driving, [and] room cleanup” as job categories that might be dominated by robot workers in the next 20 years.

[clickToTweet tweet=”Gates is in favor of government involvement to solve the problem because he says “businesses can’t” ” quote=”Gates is solidly in favor of government involvement to solve the problem because as he says, “businesses can’t.” “]

He states, “If you want to do [something about] inequity, a lot of the excess labor is going to need to go help the people who have lower incomes.”

Gates isn’t alone here. EU lawmakers recently considered a similar proposal to tax robot owners to fund training for new jobs, but on February 16 the proposal failed to pass. Still, with Gates on its side, the idea might just take off. But will we really start taxing anything that makes our lives easier?

#robottax

Advertisement. Scroll to continue reading.
Written By

Staff Writer, Natalie Bradford earned her B.A. in English from Cornell University and spends a lot of time convincing herself not to bake MORE brownies. She enjoys cats, cocktails, and good films - preferably together. She is currently working on a collection of short stories.

1 Comment

1 Comment

  1. Pingback: Bill Gates and his half-arsed robot tax scheme - The American Genius

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Tech News

With fears of life-overtaking AI, six major robotics companies show initiate by signing a non-weaponizing agreement, but we're skeptical.

Tech News

(TECHNOLOGY) Regardless of what happens in the world, tech keeps moving forward, including robotics businesses. To ensure success, avoid these...

Tech News

(TECH NEWS) Do you want Terminators? Because this is how you get Terminators. Bipedal robots can do backflips now...

Business News

(TECH NEWS) Bill Gates asserts that robots stealing human jobs should be taxed. It's a neat idea, but it's wrong, and here's why.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.