Robots are Wealth Creators and Taxing Them is Illogical

Larry Summers:

Robots are wealth creators and taxing them is illogical: I usually agree with Bill Gates on matters of public policy and admire his emphasis on the combined power of markets and technology. But I think he went seriously astray in a recent interview when he proposed, without apparent irony, a tax on robots to cushion worker dislocation and limit inequality. ....