In an interview with Quartz editor-in-chief Kevin Delaney, Bill Gates explains why robots that take jobs away from people shouldn't get a free pass when it comes to income tax. The Microsoft co-founder believes that governments should tax companies' use of robots, as a means to delay the spread of automation and to encourage other types of employment.
Gates mentioned that a robot tax could finance jobs taking care of elderly people or working with kids in schools, for which needs are unmet and to which humans are particularly well suited.
“You ought to be willing to raise the tax level and even slow down the speed” of automation, Gates argues. That’s because the technology and business cases for replacing humans in a wide range of jobs are arriving simultaneously, and it’s important to be able to manage that displacement. “You cross the threshold of job replacement of certain activities all sort of at once,” Gates says, citing warehouse work and driving as some of the job categories that in the next 20 years will have robots doing them.
What do you think of a Robot Tax? Comment Below!