We all know for a well known fact that the rise of robots in any industry would surely reduce the number of employees needed by that industry. But then, some people – including one of the richest men in the world – think that these robots should pay taxes too, since they work in the capacity of humans.
Bill Gates said in an interview with Quartz that Robots that take humans jobs should pay taxes. Indirectly, he is saying all Robots should be taxed because all Robots take away jobs formerly done by Humans.
But then, if they should be paying tax, from where would this money be deducted from if they aren’t being paid salaries? And if they are paid salaries, would the whole purpose of hiring robots – which is to save costs – be defeated? I think it would.
“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.
I don’t know what Bill Gates think but one of the main purpose of investing in machines and robots is to reduced the cost of production in most cases. When these robots start paying taxes, who would foot the taxes? The parent company I guess.
Now, what does that do to the cost of production? It increases it, right. We are then back to square one, right where we started.
It is seeming like Daddy Gates is not at all pleased with the rapid penetration of robots into our ecosystem as he opined that, “At a time when people are saying that the arrival of that robot is a net loss because of displacement, 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?”
Well, I for one, seriously do not like this idea at all. I’m surely not with Gates on this one. You can read the full interview HERE.