🔥 Bill Gates Wants a Robot Tax and Jobs Humans Can't Be Fired From.
Image: ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bill Gates published a nearly 6,000-word essay on Gates Notes calling the AI transition one of the most turbulent times in human history He's proposing a tax on AI tokens and robots to offset the payroll-tax advantage automation already has over hiring. Gates puts a ceiling of roughly 40% of jobs under the most aggressive version of that carve-out. Bill Gates thinks the math employers are faced with is a problem. In an essay titled The turbulent AI era is here. The choices we make now are critical, the Microsoft co-founder argues there is an asymmetry in the current job market: employers pay payroll taxes when they hire a person, but a robot generally gets written off right away as a business expense.
The tax system nudges you toward replacing people with machines, he wrote. His fix is a tax on AI tokensthe units language models use to chew through text and other dataplus a tax on robots themselves. Gates first floated a robot tax in 2017 and got laughed off by economists who called it a tax on productivity dressed up as a tax on progress. He's not backing down this time. Gates believes that a usage tax changes employer incentives directly, unlike a corporate tax that only bites into profitswhich can run thin in a hypercompetitive market.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#SECryptoRegulation #AICryptoIntegration #TonEcosystem
Image: ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bill Gates published a nearly 6,000-word essay on Gates Notes calling the AI transition one of the most turbulent times in human history He's proposing a tax on AI tokens and robots to offset the payroll-tax advantage automation already has over hiring. Gates puts a ceiling of roughly 40% of jobs under the most aggressive version of that carve-out. Bill Gates thinks the math employers are faced with is a problem. In an essay titled The turbulent AI era is here. The choices we make now are critical, the Microsoft co-founder argues there is an asymmetry in the current job market: employers pay payroll taxes when they hire a person, but a robot generally gets written off right away as a business expense.
The tax system nudges you toward replacing people with machines, he wrote. His fix is a tax on AI tokensthe units language models use to chew through text and other dataplus a tax on robots themselves. Gates first floated a robot tax in 2017 and got laughed off by economists who called it a tax on productivity dressed up as a tax on progress. He's not backing down this time. Gates believes that a usage tax changes employer incentives directly, unlike a corporate tax that only bites into profitswhich can run thin in a hypercompetitive market.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#SECryptoRegulation #AICryptoIntegration #TonEcosystem