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Thread: Millions of jobs done by robots and none pay taxes

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    Veteran Member bajisima's Avatar
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    Millions of jobs done by robots and none pay taxes

    Interesting.

    Like an argument about fire safety in the midst of a rising flood, there’s a jarring disconnect in Washington’s tax reform debate. While lawmakers battle over familiar grounds of supply-side economics and widening inequality, they’re ignoring the game-changing fact that artificial intelligence and automation will wipe out millions of jobs — up to 50 percent in the coming decades, according to some studies.

    Despite the blithe dismissals of some senior government officials, the AI revolution isn’t decades away. Automated trucks are making deliveries, software is picking stocks and interpreting medical results. These are only the first drops in the AI tsunami about to hit our economy. Last June, a survey of researchers from Oxford and Yale predicted that within 10 years, machines will be better than human beings at writing high school essays, driving, and working retail. And while the rise of the robots will inevitably launch new professions, it will exact a steep near-term price in unemployment, income loss, and inequality.

    Lawmakers would be wise to note, too, that robot employees don’t pay taxes, nor do they purchase consumer products. Unless government leaders take decisive action soon, we won’t be arguing over how to slice the existing economic pie but about what to do with the crumbs. We cannot be oblivious to the facts. The United States needs a far-sighted national strategy, a map for navigating the coming sea change.

    We cannot delay the arrival of brilliant technologies, but we can learn to live and work with them. The solution is education.

    https://www.bostonglobe.com/opinion/...bewell:opinion
    Thanks from Dangermouse, StanStill and Blueneck

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    Veteran Member TNVolunteer73's Avatar
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    Really, do the owners of the Robots pay Corporate and Capital gains taxes.

  3. #3
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    Really, do the owners of the Robots pay Corporate and Capital gains taxes.
    Will Bezos pay any taxes on the 36 billion his wealth increased this year?

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    Galactic Ruler Spookycolt's Avatar
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    A world filled with robots is coming and there is no stopping it.

    We will just have to deal with the consequences.

    I've been monitoring a lot of the public feedback and although it can't technically be called racism there is an awful lot of hate out there towards them.

    Once they truly impact societies it will only get worse.

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    Spock of Vulcan Ian Jeffrey's Avatar
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    Quote Originally Posted by bajisima View Post
    Lawmakers would be wise to note, too, that robot employees don’t pay taxes, nor do they purchase consumer products.
    Nor do they have incomes to tax.

  6. #6
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by Ian Jeffrey View Post
    Nor do they have incomes to tax.
    But the owners have to pay Corporate taxes on this, the companies that build them have to pay corporate taxes and capital Gains taxes on them.

    Now the emplyees that service the robots pay income taxes. Just like the auto repairman replaced the blacksmith.

  7. #7
    spɹɐʍʞɔɐq ʞɹɐp ǝɥʇ Puzzling Evidence's Avatar
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    Quote Originally Posted by bajisima View Post
    Interesting.

    Like an argument about fire safety in the midst of a rising flood, there’s a jarring disconnect in Washington’s tax reform debate. While lawmakers battle over familiar grounds of supply-side economics and widening inequality, they’re ignoring the game-changing fact that artificial intelligence and automation will wipe out millions of jobs — up to 50 percent in the coming decades, according to some studies.

    Despite the blithe dismissals of some senior government officials, the AI revolution isn’t decades away. Automated trucks are making deliveries, software is picking stocks and interpreting medical results. These are only the first drops in the AI tsunami about to hit our economy. Last June, a survey of researchers from Oxford and Yale predicted that within 10 years, machines will be better than human beings at writing high school essays, driving, and working retail. And while the rise of the robots will inevitably launch new professions, it will exact a steep near-term price in unemployment, income loss, and inequality.

    Lawmakers would be wise to note, too, that robot employees don’t pay taxes, nor do they purchase consumer products. Unless government leaders take decisive action soon, we won’t be arguing over how to slice the existing economic pie but about what to do with the crumbs. We cannot be oblivious to the facts. The United States needs a far-sighted national strategy, a map for navigating the coming sea change.

    We cannot delay the arrival of brilliant technologies, but we can learn to live and work with them. The solution is education.

    https://www.bostonglobe.com/opinion/...bewell:opinion
    Even worse, guess who's job's they are taking?
    Last edited by Puzzling Evidence; 30th November 2017 at 03:15 PM.

  8. #8
    spɹɐʍʞɔɐq ʞɹɐp ǝɥʇ Puzzling Evidence's Avatar
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    Quote Originally Posted by Spookycolt View Post
    A world filled with robots is coming and there is no stopping it.

    We will just have to deal with the consequences.

    I've been monitoring a lot of the public feedback and although it can't technically be called racism there is an awful lot of hate out there towards them.

    Once they truly impact societies it will only get worse.
    Well, we can easily deal with it, but not if we ignore it. Jobs are disappearing -- we will either have to make adjustments to our employment laws or we will have to deal with upwards of 40% unemployment.

  9. #9
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by Puzzling Evidence View Post
    Well, we can easily deal with it, but not if we ignore it. Jobs are disappearing -- we will either have to make adjustments to our employment laws or we will have to deal with upwards of 40% unemployment.
    Historically there has always been this fear whenever a new technology was introduced into society and its always been proven wrong.

    Electricity, the automobile, the computer.....they all ended up producing more jobs in the long run, not less.

    Sure some will be out of work in the short term but in the long term it always rebounds.

  10. #10
    Veteran Member Southern Dad's Avatar
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    How many bank tellers have lost jobs to ATM's? How many cashiers have lost their jobs to Self Check Kiosks? How many fewer accountants do we have due to Microsoft Excel?

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