Automation, Innovation, and the Arrogance of the Elite

Automation, Innovation, and the Arrogance of the Elite
KONYA, TURKEY - MARCH 15: Early test robots are seen on display at the Akin Robotics factory on March 15, 2018 in Konya, Turkey. Photo by Chris McGrath/Getty Images
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Automation is not going away. Neither is the idea of a guaranteed basic income (GBI) paid by the government to mitigate the effects on jobs.

Billionaire and Microsoft founder Bill Gates suggested the introduction of an income tax on robots, like that on employee wages. Proceeds of this tax would be used to provide a basic income for all, to compensate for job losses and to ease inequality.

Prince Michael of Liechtenstein
Author
Prince Michael of Liechtenstein is the chairman of trust company Industrie- und Finanzkontor Ets. as well as the founder and chairman of Geopolitical Intelligence Services. This article was first published by GIS Reports Online.
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