It's only fair that robots used by companies to improve productivity pay their fair share of taxes, right?
This might seem ridiculous, but the European Union is looking to create a set of new laws concerning the rise of robots.
According to
Forbes, one of the new laws would require robots to pay social security taxes.
Naturally, the law can't specifically force a robot who likely works for free to pay taxes. The European Union does, however,
want businesses that make use of robots to pay higher taxes based on the rational that a robot replaces a human worker who
otherwise would pay taxes into the system.
Related Link: Wal-Mart
May Be "Hiring" Shopping Assistants For Patrons: Robotic Shopping Carts Will Tell You What To Buy
"Humankind stands on the threshold of an era when ever more sophisticated robots, bots, androids and other manifestations of
artificial intelligence (‘AI') seem poised to unleash a new industrial revolution, which is likely to leave no stratum of society
untouched," the report
stated. "It is vitally important for the legislature to consider all its implications."
The European Union's report also touched on the possibility of robots surpassing the intellectual capacity of humans, which
could call in to question humans' ability to control its own "destiny and to ensure the survival of its species."
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.