Bill Gates: Tax Robots that take jobs!

JQPublic1

Gold Member
Aug 10, 2012
14,220
1,543
280
Yes, you are reading it right! Bill Gates' amazing proposal makes a lot of sense. If the automation phenomenon starts to gain momentum, millions of workers could be displaced by machines. That is millions or potentially billions of dollars lost in income taxes and FICA payroll taxes. The ramifications??? Unless, the workforce could be retrained in jobs that need human hands, such as Daycare, elderly care or Robot repair, we would enter a period of economic upheaval so grand as to make the Great Depression look like a recession. The heath of the economy depends on people earning and spending money as does the engine that supports Social Security,Medicare and all the things that we love. If the workforce loses millions of people, the taxes that lost labor would have generated has to be sustained. Taxing Robots would be necessary but we must consider that one robot might replace 10 or more people. Should the robot tax be structured on the output of each robot rather than on individual robots?
The robot that takes your job should pay taxes, says Bill Gates
 
20170208_robo.jpg


What form do I used to deduct for lube oil?
 
Yes, you are reading it right! Bill Gates' amazing proposal makes a lot of sense. If the automation phenomenon starts to gain momentum, millions of workers could be displaced by machines. That is millions or potentially billions of dollars lost in income taxes and FICA payroll taxes. The ramifications??? Unless, the workforce could be retrained in jobs that need human hands, such as Daycare, elderly care or Robot repair, we would enter a period of economic upheaval so grand as to make the Great Depression look like a recession. The heath of the economy depends on people earning and spending money as does the engine that supports Social Security,Medicare and all the things that we love. If the workforce loses millions of people, the taxes that lost labor would have generated has to be sustained. Taxing Robots would be necessary but we must consider that one robot might replace 10 or more people. Should the robot tax be structured on the output of each robot rather than on individual robots?
The robot that takes your job should pay taxes, says Bill Gates

Well duh. We have always needed to create more paid jobs, hiring and training more TEACHERS and POLICE to serve the populations that need a lower ratio. 40:1 in the classroom is too much. The teachers I know who want to give students individual attention would prefer 10:1

If we quit wasting 50K a person per year incarcerating them in prison, we could PAY for teachers, and also Doctors and Nurses if we are going to offer universal care for all people. The ratio has to go down and we need more jobs for these services in demand.

There wouldn't be so much police issues if communities know their own police they hire and relate to directly where there is personal accountability because they have working relationships.
So if all communities operate like a campus hiring their own medical clinic staff and police on site, this can reduce the cost of crime and health and safety issues, so we can sustain paid jobs with the resources we'd save, currently wasted on failed mental health and prison systems costing us billions while these problems escalate.

Robots can't replace these jobs. Clearly we need people working them, so we need to reprioritize our tax spending, and invest in prevention by education and health care in advance; and quit wasting billions because of the lack thereof. Those same resources can create sustainable jobs on the side of solutions and prevention where we have always had greater demand.
 

Forum List

Back
Top