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Old 08-02-2017, 10:59 PM  
Paul Markham
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Join Date: Jun 2001
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Quote:
Originally Posted by thommy View Post
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.
I explained it perfectly. When the National wage bill goes down, the tax revenue drops. That;s it there is no other explanation and the rest is bullshit.

Yes, I know Trump's is dropping taxes for large corporations. But at the moment that's all he can do to attract more to pay corporation tax in the US. They will also locate in the US and pay all the wages and taxes linked to being in the US, rather than being in China and paying Chinese taxes. The UK dropped corporation taxes and collected more in corporation tax than before. The percentage of the bigger pot was worth more.

The 1% aren't worried if the 50% barely have enough to live on. They care about the 1%?
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