Larry Ellison: AI Will Make Us Richer, Tax Robots, Not Labour

Times of India · business

Oracle founder Larry Ellison believes artificial intelligence will lead to greater wealth by increasing productivity. He envisions a future where robots take over certain jobs, but argues that shifting taxation from human labor to the value created by machines could fund a "universal high income." Ellison suggested this approach would allow governments to collect revenue from automation's economic benefits, potentially leading to higher living standards for everyone. He acknowledged that this transition would take over a decade, with robots gradually assuming undesirable tasks.