Bill Gates Embraces "Tax The Robots" Socialist Idiocy: Four Questions For The World's Richest Man

Bill Gates Embraces "Tax The Robots" Socialist Idiocy: Four Questions For The World's Richest Man | Zero Hedge:
"Submitted by Michael Shedlock via MishTalk.com,

I am unsure who first came up with the idea of taxing robots, but the proposal has been embraced by academia, socialists, and in general, the radical Left.

Today, entrepreneur Bill Gates, founder of Microsoft, endorsed the idea.

What does Gates want to do with the money collected? 
Here’s the answer: Flush it down the toilet.

In a Quartz interview, Bill Gates proposes The robot that takes your job should pay taxes.

Robots are taking human jobs. But Bill Gates believes that governments should tax companies’ use of them, as a way to at least temporarily slow the spread of automation and to fund other types of employment...

...What Gates is Saying

1. Too much efficiency is a bad thing.
2. Money that buys more goods and services is a bad thing.
3. The government knows better what to do with your money than you do.

Ultimately, consumers will foot 100% of any robot tax.

More accurately, consumers will foot far more than 100% of any robot tax collection because government bureaucrats will waste at least 50% of the amount collected while putting funds deployed in wrong areas or by overpaying contracts awarded.

Convoluted Thinking

Curiously, Gates argues we need to tax efficiency to the point it’s no longer efficient or the efficiency will die on its own accord because “automation won’t be allowed to thrive if the public resists it.”