Robots won’t just take our jobs – they’ll make the rich even richer

Robotics and artificial intelligence will continue to improve – but without political change such as a tax, the outcome will range from bad to apocalyptic…

Should robots pay taxes?

It may sound strange, but a number of prominent people have been asking this question lately. As fears about the impact of automation grow, calls for a “robot tax” are gaining momentum. Earlier this month, the European parliament considered one for the EU. Benoît Hamon, the French Socialist party presidential candidate who is often described as his country’s Bernie Sanders, has put a robot tax in his platform. Even Bill Gates recently endorsed the idea.

The proposals vary, but they share a common premise. As machines and algorithms get smarter, they’ll replace a widening share of the workforce. A robot tax could raise revenue to retrain those displaced workers, or supply them with a basic income.

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One Response to Robots won’t just take our jobs – they’ll make the rich even richer

  1. Pingback: Why Taxing Robots is Stupid | IowaDawg: Posting Only What I Like

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