Bill Gates Is Clueless On The Economy

Last week Bill Gates called for taxing robots. He argued that we should impose a tax on companies replacing workers with robots and that the money should be used to retrain the displaced workers. As much as I appreciate the world’s richest person proposing a measure that would redistribute money from people like him to the rest of us, this idea doesn’t make any sense. Let’s skip over the fact of who would define what a robot is and how, and think about the logic of what Gates is proposing....