Bernie Pushes Robot Taxes

Benzinga

Sen. Bernie Sanders renewed calls to tax automation, arguing companies like Amazon are replacing workers with robots and AI to boost profits, echoing concerns raised by Bill Gates and Mark Cuban.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Senator Bernie Sanders renewed his push on Monday to tax automation,

00:07arguing that companies are replacing workers with robots to boost profits while avoiding labor costs.

00:12In a post on X, Sanders criticized Amazon for expanding the use of robots and AI,

00:18saying corporations benefit because machines do not require wages or benefits.

00:23Earlier this year, Amazon said it plans to cut roughly 500,000 jobs

00:28as it shifts work to AI, automation, and robotics from a workforce of about 1.56 million employees.

00:36Sanders said the tax system has not kept pace with automation

00:39and suggested taxing robots to support working families.

00:43Similar ideas have been raised by Bill Gates and Mark Cuban,

00:47who warned that automation could outpace job creation.

00:51Amazon shares are up 5.38% year-to-date and slipped slightly on Monday and in after-hour trading.

00:57For all things money, visit Benzinga.com.

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