The technological race among industry giants and the wave of layoffs they have announced has revived the debate about the advisability of taxing automation
The answer to this post, and almost everything, is to tax the wealthy. AI is not ruining anything. The people in control of it are.
This is the correct take, right here. Per the article, ““The trend toward automation and AI could lead to a decrease in tax revenues. In the United States, for example, about 85% of federal tax revenue comes from labor income, says Sanjay Patnaik, director of the Center for Regulation and Markets at the Brookings Institution,” It’s the working plebs that are carrying the majority of the tax burden.
The rich can pay there fair share, or we can grid them up and feed the slush into a reverse osmosis machine during the water wars.
The answer to this post, and almost everything, is to tax the wealthy.
AI is not ruining anything. The people in control of it are.
This is the correct take, right here. Per the article, ““The trend toward automation and AI could lead to a decrease in tax revenues. In the United States, for example, about 85% of federal tax revenue comes from labor income, says Sanjay Patnaik, director of the Center for Regulation and Markets at the Brookings Institution,” It’s the working plebs that are carrying the majority of the tax burden.
The rich can pay there fair share, or we can grid them up and feed the slush into a reverse osmosis machine during the water wars.