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Robots that Steal Human Jobs Should Pay Taxes, says Bill Gates

If robots take over humans jobs, that results in fewer people working. Eventually, it does results in fewer people paying taxes. And problem arises as taxes fund things are important for nations.

Bill Gates stated his idea for solving this deficit: Have the robots which pay their share in taxes like a human does.

Also ReadMicrosoft Founder Bill Gates Opens Account on WeChat

“Right now, the human worker who does, say, $50,000 worth of work in a factory, that income is taxed, and you get income tax, Social Security tax, all those things. If a robot comes in to do the same thing, you’d think that we’d tax the robot at a similar level,” said, Bill Gates in an interview.

He claims if automation takes place over human activities, it should free up time allowing people to do a better job. He also condemned giving up the income tax, as that is a part of funding that level of human workers. The tax funds might come from the savings companies obtain from not having to pay and support human workers.

Also ReadAdobe Digital Insights Data Reveals 89% of People are Positive About Automation

About 50 percent of human jobs are vulnerable and can be replaced by robots. This may affect loosing $15 trillion wages $2.7 trillion in the United States alone. But the reports say this may not happen in the next 25 years.

“People should be figuring it out. It is really bad if people overall have more fear about what innovation is going to do than they have enthusiasm. That means they won’t shape it for the positive things it can do,” said, Gates.

Microsoft Founder Bill Gates Opens Account on WeChat

American billionaire Bill Gates has become a rage in China after he opened an account on Chinese messaging application WeChat and greeted his followers in Mandarin, the media reported on Tuesday.

WeChat is the most widely used messaging application in China and has more than 800 million users.In a one-minute video uploaded on February 11, the co-founder and former head of Microsoft, greeted everyone in Mandarin and said he would “share about the people I meet, books I’m reading and what I’m learning”.

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The post has already been viewed more than nine million times and received more than 18,000 likes. The China Daily, citing sources close to Gates, said the philanthropist will share information on global health, energy innovation and education reform through his account. The opening of Gates’ new account confirms his interest in China’s growing content market.

Moreover, Beijing houses one of the most important offices of the Bill and Melinda Gates Foundation, which he has been jointly managing with his wife since he retired from Microsoft in 2008.


Chan Zuckerberg Initiative pledges $3 Billion to End Diseases

Chan Zuckerberg Initiative

Under the Chan Zuckerberg Initiative, chief executive officer of Facebook Mark Zuckerberg and his wife Priscilla Chan pledged more than $3 Billion towards the plan for “cure, prevent or manage all disease within our children’s lifetime.”

Chan speaking through the tears at an event held in San Francisco during the announcement about this initiative. Chan said that she hoped to spare parents the pain she had seen while delivering the difficult news as the pedestrian.

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She also added “In those moments and many others we’re at the limit of what we understand about the human body and disease, the science behind medicine, the limit of our ability to alleviate suffering. We want to push back that boundary.”

Chan Zuckerberg Initiative pledges $3 Billion to End Diseases

This event is addressed before business and the political VIPs including the Ex-Microsoft Corp Chairman Bill Gates, Mayor of San Francisco Ed Lee and the California Lieutenant Governor Gavin Newsom.

Later Zuckerberg told about the drastic changes and the achievements that had took placed over the last 50 years in the science and the medical community. Over these years without the help of the modern technology, includes in eradicating smallpox and eliminating Polio almost.

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“Today, just four kinds of diseases cause the majority of deaths,” Mark added this in his post on his Facebook page, Citing cancer, infectious diseases, heart disease,  and neurological diseases. “We can make progress on all of them with the right technology.”

Mark and Priscilla are so excited to share their next major initiative and supporting the scientific research to help cure, prevent and manage all diseases in our children’s lifetime. They are also giving the notes for learning more about how they are planning to help in reaching this ambitious goal.

Amancio Ortega, the founder of Zara Fashion is now the World’s Richest Man Surpassing Bill Gates

Who is the Richest Man in the world?

Anyone would say the name of Microsoft Co-Founder Bill Gates.If you also said the same answer, then you are wrong.An 80-year-old man named Amancio Ortega, the founder of Zara fashion chain in Spain has become the World’s Richest Man this week.Pushing Bill Gates to the second spot, claimed the first position.

Ortega’s balance has increased by $1.7 billion this week as his shares went up by 2.5%. He is known for his reserve nature. The increase in the shares value started from last year itself. Around 40% increase was recorded last year. He holds 59.3 percent stake in the company’s shares.

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This might be termed as one of the good signs for Spain, a country which recently emerged from recession. Recession destroyed businesses and jobs, but Ortega emerged as a self-made icon. In the past, the group is only the third Spanish firm ever to be valued at 100 billion Euros. But now it is placed on top dragging behind the first two Bank Santander and Telecom’s giant Telefonica.

He never gives any interviews or photographs. He did not even attend the inaugural event of the stock market at the Madrid exchange when his shares went up in 2001.

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Starting in the northern region of Galicia, it grew to more than 6,000 across 90 countries with a bunch high-end label of brands. Zara owns the brands like Bershka, Massimo Dutti, and Pull & Bear has quietly become the world’s largest fashion retailer.

His father was a railway worker and started his working career at the age just 14 years. He started his profession as a delivery boy for a shirt maker. Now, he grew as the globe’s richest man.

There are rumors in the industry that his glamorous daughter Marta would be his successor in Managing the business. One has to wait and watch the official announcement is made in this regard.

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