Implications of 'robot tax'

For India, it underlines why skilling is an imperative

Business Standard Editorial Comment  |  New Delhi 

The suggestion by Microsoft founder Bill Gates that robots should be taxed in the interest of saving human jobs has generated sharp debate across the political spectrum. In his scheme, the tax would offset the social costs of automation and could be used to finance a universal basic income (UBI). From the votaries of industrial growth, the objection stems from the disincentive on innovation and the resultant productivity losses, pointing to the industrial revolution as evidence. Greece’s former ultra-left finance minister Yanis Varoufakis has raised questions about how the tax would ...

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Implications of 'robot tax'

For India, it underlines why skilling is an imperative

For India, it underlines why skilling is an imperative The suggestion by Microsoft founder Bill Gates that robots should be taxed in the interest of saving human jobs has generated sharp debate across the political spectrum. In his scheme, the tax would offset the social costs of automation and could be used to finance a universal basic income (UBI). From the votaries of industrial growth, the objection stems from the disincentive on innovation and the resultant productivity losses, pointing to the industrial revolution as evidence. Greece’s former ultra-left finance minister Yanis Varoufakis has raised questions about how the tax would ... image
Business Standard
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