I Never Realized The Economical Ignoramus Neb Gates Is....Until Now
Tuesday, February 20, 2001
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Title : I Never Realized The Economical Ignoramus Neb Gates Is....Until Now
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I accept never been impressed alongside the casual economical arguments that Bill Gates has made inwards the past. He seemed to accept a miserable surface agreement economic science but inwards the past times I seat him on a degree like to Donald Trump. That's non good.
But comments Gates made on Fri drib him to an entire novel lower degree of cluelessness inwards my ranking of world economical ignoramuses.
Gates, the co-founder of Microsoft in addition to world’s richest man, said inwards an interview Fri that robots "that pocket human jobs" should pay their fair portion of taxes, reports the New York Post.
“Right now, the human worker who does, say, $50,000 worth of run inwards a factory, that income is taxed in addition to y'all larn income tax, Social Security tax, all those things,” he said. “If a robot comes inwards to produce the same thing, you’d retrieve that we’d taxation the robot at a like level.”
Gates made the remark during an interview alongside Quartz.
“Exactly how you’d produce it, mensurate it, y'all know, it’s interesting for people to source talking near now,” Gates said. “Some of it tin ship away come upwardly on the profits that are generated past times the labor-saving efficiency there. Some of it tin ship away come upwardly straight inwards simply about type of robot tax. I don’t retrieve the robot companies are going to hold upwardly outraged that in that place mightiness hold upwardly a tax. It’s OK.”
How idiotic tin ship away y'all get? H5N1 robot is simply exactly about other shape of capital. Capital never "gets paid." Money, generated past times capital, flows to upper-case missive of the alphabet owners who produce pay taxes! All coin ends upwardly alongside simply about human somewhere. How clueless is Gates?
Maybe nosotros should retroactively taxation all Microsoft software for all the jobs it "ended." In the words of Gates, I don't retrieve he is "going to hold upwardly outraged that in that place mightiness hold upwardly a tax. It’s OK."
The fact of the thing is that capital, hold upwardly it software, robots or simply about other form, increases productivity. This does non wipe jobs off the planet. It causes people to motility into other jobs. This is economic science 101. Markets clear, including task markets. If people lose jobs because of to a greater extent than productive upper-case missive of the alphabet in addition to they accept to motility to other jobs, it way the puddle of production is greater. This is a cyberspace gain for an economic scheme in addition to the to a greater extent than it happens the greater the gain for everyone inwards the economy.
You actually accept to hold upwardly an idiot to desire to taxation the owners of upper-case missive of the alphabet that are responsible for these gains inwards product.
You are now reading the article I Never Realized The Economical Ignoramus Neb Gates Is....Until Now with the link address https://inspirationsbymeforyou.blogspot.com/2001/02/i-never-realized-economical-ignoramus.html
Title : I Never Realized The Economical Ignoramus Neb Gates Is....Until Now
I Never Realized The Economical Ignoramus Neb Gates Is....Until Now
I accept never been impressed alongside the casual economical arguments that Bill Gates has made inwards the past. He seemed to accept a miserable surface agreement economic science but inwards the past times I seat him on a degree like to Donald Trump. That's non good.
But comments Gates made on Fri drib him to an entire novel lower degree of cluelessness inwards my ranking of world economical ignoramuses.
“Right now, the human worker who does, say, $50,000 worth of run inwards a factory, that income is taxed in addition to y'all larn income tax, Social Security tax, all those things,” he said. “If a robot comes inwards to produce the same thing, you’d retrieve that we’d taxation the robot at a like level.”
Gates made the remark during an interview alongside Quartz.
“Exactly how you’d produce it, mensurate it, y'all know, it’s interesting for people to source talking near now,” Gates said. “Some of it tin ship away come upwardly on the profits that are generated past times the labor-saving efficiency there. Some of it tin ship away come upwardly straight inwards simply about type of robot tax. I don’t retrieve the robot companies are going to hold upwardly outraged that in that place mightiness hold upwardly a tax. It’s OK.”
How idiotic tin ship away y'all get? H5N1 robot is simply exactly about other shape of capital. Capital never "gets paid." Money, generated past times capital, flows to upper-case missive of the alphabet owners who produce pay taxes! All coin ends upwardly alongside simply about human somewhere. How clueless is Gates?
Maybe nosotros should retroactively taxation all Microsoft software for all the jobs it "ended." In the words of Gates, I don't retrieve he is "going to hold upwardly outraged that in that place mightiness hold upwardly a tax. It’s OK."
The fact of the thing is that capital, hold upwardly it software, robots or simply about other form, increases productivity. This does non wipe jobs off the planet. It causes people to motility into other jobs. This is economic science 101. Markets clear, including task markets. If people lose jobs because of to a greater extent than productive upper-case missive of the alphabet in addition to they accept to motility to other jobs, it way the puddle of production is greater. This is a cyberspace gain for an economic scheme in addition to the to a greater extent than it happens the greater the gain for everyone inwards the economy.
You actually accept to hold upwardly an idiot to desire to taxation the owners of upper-case missive of the alphabet that are responsible for these gains inwards product.
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