Reid Hoffman: recommendation

Transcript context

…What we want is to tax their income. Otherwise, they’re arbitraging against labor, which might pay 40 percent tax. The bot pays nothing. It’s not a legal entity. You’d rather legalize it, tax it, regulate it. Some government will do that, even if ours doesn’t. Yes. Also, even if you say, “Well, it’s a bankrupt company, but the bot’s earning money,” then the company’s earning money. We do have tax regimes for companies. I think we would want to do that. I also think you want to . . . for example, self-evolving without any eyes on it strikes me as another thing that you should be super careful about letting into the wild. Matter of fact, at the moment, if someone had said, “Hey, there’s a self-evolving bot that someone let in the wild,” I would say, “We should go capture it or kill it today.” Because we don’t know what the services are. That’s one of the things that will be interesting about these bots in the wild. Will bots rescue the demand for crypto? What else will they use for money, right?…

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