The possibility of artificial intelligence destroying many jobs has led Microsoft co-founder Bill Gates and democratic socialist Bernie Sanders to call for a “robot tax” to fund support for displaced workers and to slow the automation of tasks.However, in Australia, there has been almost no public discussion about a related potential challenge: the possibility that AI could erode the tax collections of governments to fund crucial services.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
What happens if AI blows a hole in tax revenue?
A sharp rise in unemployment because of widespread AI adoption would put already-stretched government budgets under severe strain.
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