Earlier quoted context omitted.
What's crazy is that productivity per employee just keeps increasing year after year, but successive neoliberal governments continue to lower corporate taxes. They should be doing the exact opposite! Taxes should be raised as productivity increases! AI is just one more tool that gradually increases productivity, among others.
If productivity increases, margins increase. When margins increase any business in a competitive environment will have to lower its prices in response to any other business lowering prices that got those automation gains. Productivity increases result in lower prices in any competitive market.
If AI replaces workers, should it also pay taxes?
681–690 of 1001 posts
Re: If AI replaces workers, should it also pay taxes?
#682Earlier quoted context omitted.
States not being able to regulate this is dangerous. A close friend of mine has given up on reality and talks about Roberto the love of her life the one she always wanted and Roberto is chatGPT :-(. She previously mentioned she didnt like chatGPT 5.0 cause it wasnt as agreeable yet now she says 5.1 is better.. back to how it was before 5.0 and now out of the blue mentioned Roberto. chatGPT is a sypcophant and without…
I dunno--of all the AI based products coming out, the whole "AI girlfriend / AI boyfriend" thing bothers me the least. If someone can afford it and they want a play relationship with a computer, then I don't see the harm. It's probably safer, better and healthier than many real-human relationships are. If they're getting what they need out of the computer, who are we to judge? I would change my opinion if it could be…
When AI behaves sycohphantically towards someone, it can encourage and exacerbate any mental health problems they may already be having, especially related to social isolation.
Re: If AI replaces workers, should it also pay taxes?
#683People who advocate for things like UBI don't seem to realize that when voters don't have a share in the productivity of their nation, they become 100% a liability. The reason democracy persists is that the powers that be aren't incentivized to destroy democracy as it would harm them too. In 10 years that will no longer be the case. Arguably, you can already see this today as the future expectations affect the present.
Re: If AI replaces workers, should it also pay taxes?
#684No, not the AI. Just the owner of means of production like AI. The fact that capital owners successfully avoid contributing to the financing of our states and social systems is, in my view, one of the fundamental problems of our time.
The top 1% of earners in the US pay 40% of all income taxes. https://usafacts.org/articles/who-pays-the-most-income-tax/
Re: If AI replaces workers, should it also pay taxes?
#685Earlier quoted context omitted.
Yes, that’s how a software business works. The OP seemed to be talking about how we need to reform tax due to worker replacement. Everyone is talking past each other.
Correct, building an AI is an asset, which can then be rented to other businesses. However the thread revolves around employers replacing employees with AI. Given that the number of AI creators is minimal, and the number of companies replacing employees is large, it follows that most companies replacing employees are renting AI, they did not create it. Hence, for those companies, AI is not an asset, it is an expense.…
Re: If AI replaces workers, should it also pay taxes?
#686Earlier quoted context omitted.
Can we have a grown up discussion that uses numbers instead of hyperbole? Certainly you can argue income inequality is too high and capital holders and high earners need to pay much more. But you cannot seriously argue that capital owners "avoid contributing to the financing of our states and social systems". They pay a lot in capital gains and income taxes, even if they don't contribute as much as they should.
> Can we have a grown up discussion starting your reply with an insult, great way to spark "grown up discussion"
Can we have an honest discussion that uses numbers instead of hyperbole?
Notably, that still seems pretty insulting to me. jimbokun wants to have an honest discussion about the problem, using true data instead of emotional exaggeration. This is a reasonable thing to ask IMO, but of course it seems like an insult towards the person that's making stuff up.
Re: If AI replaces workers, should it also pay taxes?
#687Re: If AI replaces workers, should it also pay taxes?
#688No, not the AI. Just the owner of means of production like AI. The fact that capital owners successfully avoid contributing to the financing of our states and social systems is, in my view, one of the fundamental problems of our time.
Can we have a grown up discussion that uses numbers instead of hyperbole? Certainly you can argue income inequality is too high and capital holders and high earners need to pay much more. But you cannot seriously argue that capital owners "avoid contributing to the financing of our states and social systems". They pay a lot in capital gains and income taxes, even if they don't contribute as much as they should.
Re: If AI replaces workers, should it also pay taxes?
#689Earlier quoted context omitted.
People keep trying to tie these two things together, forgetting the fact that ZIRP also ended 3 years ago, and that combined with the end of the COVID-era employer credits are when the layoffs really began. I won't say LLMs are having no impact at all on employment, but not to the degree where the job pool has dried up. Companies were encouraged to over-hire for years, and now that the free money is gone, they're act…
The mishandling of how they rewrote section 174 of the tax code also caused a lot of layoffs of developers.
Re: If AI replaces workers, should it also pay taxes?
#690Earlier quoted context omitted.
Well, you are assuming there is a central benevolent dictator who can compute "Value" more accurately than millions of people collectively voting with their wallets.
If I run around town smashing windows with a rock, GDP goes up. Computing value more accurately than financial markets is not difficult: the bar is on the floor.
I don't believe that's true. I believe that's called the "Broken Window Fallacy" in Economics.