Tax Robots That Are Stealing Our Jobs — Bill Gates

As technology continues to advance, more jobs are being automated or assigned to robots.

According to reports, this could go on to the point that half of the jobs in the world today could belong to robots in the next 25 years.

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Wit this development, many often wonder how people whose jobs will now be carried out by robots will get a new source of livelihood. While others believe new jobs will inevitably be created, some tech gurus have insisted that the government might soon have to start paying out an income to everyone. But how could this happen if Government gets its income primarily from taxes?

According to Bill Gates, the ultimate solution to solving this robot problem would be to tax robots, that is, the owner of the robots.

These robot taxes, he believes, can primarily be used in funding health care, as well as taking care of people with disabilities and the elderly. According to Bill Gates, with a shortage of work, more humans should be involved in catering to the socially marginalized folks. Seeing as a decrease in the workforce will also result in a decrease in taxes which help fund these sectors, the logical solution is to tax robots.

“You can’t just give up that income tax because that’s part of how you’ve been funding that level of human workers,” Gates said in an interview with Quartz‘ Editor-in-Chief, Kevin Delaney

He added that the free market will need the help of the government to stave off the inequality that might follow as a result of job automation.

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“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? Which transition programs have worked and what type of funding do those require?’ he said.

Nonetheless, some believe new problems which will arise with an advance in technology will result in the creation of new job roles. As a result, robots cannot take all our jobs away.