Lawrence Summers says Bill Gates’ idea for a robot tax is “profoundly misguided”

Lawrence Summers says Bill Gates’ idea for a robot tax is “profoundly misguided”

Should robot workers be taxed like human workers? (AP Photo/Marcio Jose Sanchez) In a recent interview with Quartz , Bill Gates floated an idea for mitigating the impact of automation technology on human jobs: tax the robots. Governments could use the revenue, he argued, to fund social safety-net programs and support jobs that still require human empathy and understanding.

But Harvard economist and former US Treasury secretary Lawrence Summers calls the suggestion “profoundly misguided.” In a Washington Post op-ed published March 5, he laid out his reasons for his skepticism. Taxing technologies is a slippery slope

Summers argues that […]

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