Taxing labor more won't work. If AI / automation takes all (or a sizable portion) of the jobs we will need to increase taxes on the corporations. Why? To paraphrase Willie Sutton "...because that's where the money is."
Technology isn't everyting and while it's certainly having it's moment will those companies have a legacy like Siemens, BMW, Mecedes, Novo Nordisk, SAP, Nestlé.Volkswagen, Shell etc. Maybe but their bubble could pop tomorrow.
Does our federal government have a revenue problem or a spending problem? Clearly both, but mostly revenue. Our obsession with the thousand or so billionaires is just a proxy for the reality that income inequality is massively accelerating. What happens when nearly all the wealth is created by robots and AI, owned by a hundred trillionaires who declare no income? The Founders were pretty smart, but they had no concept of a handful of Americans holding the wealth of Croesus while 99% subsist on the margins.
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Taxing labor more won't work. If AI / automation takes all (or a sizable portion) of the jobs we will need to increase taxes on the corporations. Why? To paraphrase Willie Sutton "...because that's where the money is."
Post: Fixing Social Security is not that hard, here’s how
Link to comment from June 15, 2026
Technology isn't everyting and while it's certainly having it's moment will those companies have a legacy like Siemens, BMW, Mecedes, Novo Nordisk, SAP, Nestlé.Volkswagen, Shell etc. Maybe but their bubble could pop tomorrow.
Post: Billionaires, taxes and you
Link to comment from May 31, 2026
Does our federal government have a revenue problem or a spending problem? Clearly both, but mostly revenue. Our obsession with the thousand or so billionaires is just a proxy for the reality that income inequality is massively accelerating. What happens when nearly all the wealth is created by robots and AI, owned by a hundred trillionaires who declare no income? The Founders were pretty smart, but they had no concept of a handful of Americans holding the wealth of Croesus while 99% subsist on the margins.
Post: Billionaires, taxes and you
Link to comment from May 31, 2026