Bill Gates says robots that steal human jobs should pay taxes
If robotics are going to take control of human jobs, that means less people will be working, which in turn means less people will be paying taxes.And that’s
an issue, because taxes fund things that are crucial, like schools and roadways and fire departments.
Bill Gates has idea for solving this deficit: Have the robotics that take human jobs pay their share in taxes.
“Right now, the human employee who does, state, $50,000 worth of work in a factory, that income is taxed and you get earnings tax, Social Security tax, all those things,” said Gates in an interview with Quartz’s editor-in-chief Kevin Delaney published today. “If a robot can be found in to do the very same thing, you ‘d think that we ‘d tax the robotic at a comparable level.”
Gates states that as soon as automation takes over activities that human beings utilized to do, that should maximize time for people to “do a better task of reaching out to the elderly, having smaller class sizes, helping kids with special needs.” All of which, Gates says, require human levels of compassion and currently struggle with a shortage of individuals who have the ability to fill those functions.
“However you can’t just quit that income tax, since that becomes part of how you’ve been funding that level of human employees,” Gates said.The tax loan might originate from the cost savings business get from not needing to pay and support human employees, or it could come from a tax on the robot companies themselves, said Gates. Fifty percent of tasks done by people today are vulnerable to replacement by robots, according to a McKinsey report from January. That might amount to a loss of about $15 trillion in earnings worldwide and about $2.7 trillion in the United States. The report even more mentions that this may not take place till 2055, plus or minus 20 years.”People must be figuring it out,”stated Gates.”It is truly bad if individuals in general have more worry about exactly what innovation is going to do than they have enthusiasm. That implies they won’t form it for the favorable things it can do.”See the complete interview from Quartz here: