Quote:
Originally Posted by Stu from NYC
So your making this into another income tax.
There is such a thing as giving people a reason to work harder and make more without getting the benefits of hard work. At some point are you not paying your fair share?
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It already is an existing tax, just not fairly distributed. . some taxes are not bad if they are spent properly, and this one would be sent properly supporting those who had contributed and expect / are counting on payouts. .
Majority of govt spending is social security due to the huge increase in longevity and the reduction in higher paying jobs, and medicare, due to the huge increase in longevity and the associated medical costs. . all retirement issues. .
So with machines replacing labor, you reduce the labor force paying into retirement programs. . . My last employer has over 250 bots doing human work. . should we tax them?
All employees are customers, cut employees and you cut future sales Its just like the medieval system of land owners and serf labor. Now its capital owners of machines, and serf labor. . . you want to support the retired serfs to continue to purchase products, or are you expecting only working people with declining wages to buy stuff and pay into the retirement system?
Ultimately we will become Europe if we aren't careful. .