Bill Gates has called for a tax on robots to make up for lost taxes from workers whose jobs are destroyed by automation.
Peter Schiff: It's amazing how someone this smart can be so dumb! How many people directly lost their jobs due to computers? Robots are just more functional computers. If the government had imposed large taxes on PCs and software its probable that no one would even know who Bill Gates is. All labor saving devices take people's jobs by definition. Does Gates believe all tools and equipment should be taxed, with the goal of making sure all work is done entirely by hand? If so, it's a good thing there was no stone age Bill Gates advising the cavemen.