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ETA: Also, that this is completely incompatable with a top marginal tax rate of 25%? |
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point made. |
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And you had to be dragged to the proposition you offered above, after arguing "Everything is great! Unemployment is low and it's all going to work out just as it always does!" for years. You're revising your position now, for obvious reasons. |
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Scrap all the agencies and people who administer programs (the bureaucratic middlemen) and just give money - and nothing else - to people directly and a shift to guaranteed income pays for itself. Cost of middleman govt administrator (salary + benefits) is way greater than cost of just giving the person a decent guaranteed income. |
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Tech and automation and the demographics of today render your historical comparisons meaningless. It is different this time. Compare the numbers adversely impacted by the industrial revolution, and the labor removing capacity of the tech of that day to the capacity of today's tech. Apples and watermelons. Giant, 600 lb watermelons. Are you even capable of creative thinking? |
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Nuclear. That's the clean energy we need to embrace. |
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TM |
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Meanwhile, you think a couple of million people out of the labor force is the be all and end all of all politics. Quote:
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There. Is. No. One. Trying. To. As. You. Say, "create as many new jobs in as many new industries as possible." The aim in new industries is to create as much profit as possible by utilizing the cost savings provided by tech. The aim in old industries is to mine out profits by replacing labor with tech. Labor is a cost to businesses. From a corporate profit perspective, we have stumbled into the Holy Grail. The current tech and automation removes the biggest cost in the way of profits to management and shareholders. Unlike prior labor eliminating advancements, this one rids the balance sheet of white collar management and administrative position costs. It also eliminates professional services costs. Your statement above aligns you with Trump -- trying to recapture that which no one in corporate America desires. |
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Do we need to have the discussion about the quality of the jobs created right now, wage stagnation, etc. again? Quote:
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TM |
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