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Robots are Wealth Creators and Taxing Them is Illogical

Monday, March 6, 2017 5:34
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Larry Summers:

Robots are wealth creators and taxing them is illogical: I usually agree with Bill Gates on matters of public policy and admire his emphasis on the combined power of markets and technology. But I think he went seriously astray in a recent interview when he proposed, without apparent irony, a tax on robots to cushion worker dislocation and limit inequality. ….



Source: http://economistsview.typepad.com/economistsview/2017/03/robots-are-wealth-creators-and-taxing-them-is-illogical.html

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