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Replacing human workers with machines that don't require a wage is going to happen even if the minimum wage were $1/hr. Automation is going to become a very re
by RIMR 12y ago
Replacing human workers with machines that don't require a wage is going to happen even if the minimum wage were $1/hr.
Automation is going to become a very real problem. Increasing the minimum wage is a good idea, but eventually we're going to have to address the problem of mass unemployment when there little to no lower-tier jobs available.
We're talking about basic income (negative tax) for the unemployed, and subsidizing education to get more people into white-collar positions.
- tracker1 12y agoOr... eliminate the loopholes, generate a flat tax, put limits on un/under-utilized assets and reserves corporations can hold as well as reducing foreign shelters... from there, limit distribution of taxes as a percent, with 25% to the federal gov't, 25% to states/territories based on population, 10% to states/territories based on land mass and the remaining 40% as a check to every citizen that filed for taxes the prior year. By creating a flat tax, and flat payout, you can eliminate huge swaths of welfare and entitlements in favor of a consistent system with much less bureaucracy. In order for this to work, you have to eliminate corporate taxes in favor of ensuring that companies pay out to owners/shareholders who in turn pay taxes on that income. With a flat payout, you can also reduce retirement programs as they stand.