Quote:
Originally Posted by Paul Markham
This is one of the main problems the debt is so high.
Most of the tax revenues come from wages, if wages are squeezed, taxes are squeezed. People can only spend what's in their pockets and credit cards. So all those cheap mobile phones you're buying, the difference is added to the debt mountain. As well as every other cheap Third World import.
Corporations want to cut staff and lower wages because the bosses don't have to worry about the benefits, social security, ruined lives.
They import people to force wages down, now they have the option of automation. So even less to pay out in wages. And more go on benefits, social security, etc. And more lives ruined. |
it is correct and not correct the same time.
because when a country is able to receive 47% from personal income tax it can not have that much underpaid workers, right ?
but what is really visible there is that the big companies are paying like nothing into that pott and trump wants they pay even less.
but the point behind all that is prosperity. even when you increase taxes it would not make any effect as long as the people can buy the same or even more for the money they have left in their pockets.
the real longterm solution can not be handled with the existing rules. just because of robots will take place of human workers. but it does not make sense to replace CONSUMERS with robots. and this is exactly what would happen because the worker is also the consumer but the robot is not.
here is a point where the economy itself will have to find a way out because without consumers the whole production does not make sense
i guess it will be some kind of royalties on every robot or if they are smart they invest the workers tax an retirement savings into robot companies.
then the worker would not be replaced by A ROBOT he would be able to replace himself with HIS ROBOT.
time will resolve that because economy can do everything except getting stuck.