Dev.SN

Bill Gates: Prepare to be Assimilated

posted by janrinok on Monday March 17 2014, @08:03PM   
from the borg-revisited dept.

sl4shd0rk writes:

"Bill Gates says everyone needs to prepare to be out of work in 20 years due to Robots/software taking over most jobs. In preparation for this, Gates recommends people 'should basically get on their knees and beg businesses to keep employing humans' and reduce operating overhead for businesses by 'eliminating payroll and corporate income taxes while also not raising the minimum wage'. Bill Gates, you may recall, is the former CEO of Microsoft whose business acumen has brought the technology sector such things as Metro, Windows Phone and Xbox One.

BusinessInsider took a similar theme earlier this year."

• Re:He has acumen up the ying-yang (Score: 0) by Anonymous Coward on Tuesday March 18 2014, @11:36AM

  by Anonymous Coward on Tuesday March 18 2014, @11:36AM (#18129)

  Bill Gates is a student of Buffet (they have a friendship going back years) and one of Buffet's big things is that we should tax consumption not production. That way if you are contributing to the economy and creating jobs, you can create as many jobs as possible.

  Which is, of course, insane.

  You can't just create jobs by producing willy-nilly. There has to be a market for the product or service, and that requires people with money, and that requires jobs. It's a feedback loop.

  Gates seems to be laboring under the misapprehension that the rich "create jobs." They only do that by being consumers, but they don't consume as much as the millions of us non-millionaires shopping at Wal-Mart.

  As Nick Hanauer put it [youtube.com], "I own three cars-- not three thousand."

  Parent