[flagged]
Try actually reading the linked text
If AI replaces workers, should it also pay taxes?
91–100 of 1001 posts
Re: If AI replaces workers, should it also pay taxes?
#92[flagged]
VAE was invented in the EU (critical parts of diffusion models, like the U-net were also from here). Lots of other fundamental contributions are from here too. Edit: I initially wrote diffusion, but this is wrong-- I never meant diffusion.
The US dominates the commercial space in LLMs, but the EU is much further along in that too than may be immediately apparent.
Re: If AI replaces workers, should it also pay taxes?
#93Looking at the actual article, the people suggesting taxes on AI are American Nobel laureate Edmund Phelps, and Bill Gates, founder of MSFT. The Europeans suggest more general taxes on capital instead.
Re: If AI replaces workers, should it also pay taxes?
#94By this logic owners of wheel barrows should be taxed for all the manual labour jobs the wheel barrow destroyed.
Corporations should be taxed on their profits, including profits boosted by the invention of new technology.
> Corporations should be taxed on their profits
Hold on now, how will 'trickle-down' economics work then ? Think of the poor companies trying to provide a living for all those AI. /s
Re: If AI replaces workers, should it also pay taxes?
#95By this logic owners of wheel barrows should be taxed for all the manual labour jobs the wheel barrow destroyed.
Corporations should be taxed on their profits, including profits boosted by the invention of new technology.
They already have, significantly, around 25-35% in developed economies. The issue is that people often look at revenue, seeing company X earning $100 billion annually, and assume they should pay $20 billion in taxes. However, most AI companies today are not profitable and spend up to 100% more than their revenue on R&D and product development. I doubt they will turn a profit anytime soon, probably not for at least a decade.
Re: If AI replaces workers, should it also pay taxes?
#96By this logic owners of wheel barrows should be taxed for all the manual labour jobs the wheel barrow destroyed.
Exactly. This is such a silly argument. The article takes the argument "if a lot of jobs disappeared since they are now done effectively for free, what about tax revenue??" It really misses the forrest from the trees. You're transported into a world in which efficiencies mean that much fewer people need to work, but somehow government services and entitlements are unchanged and we need to hit roughly the same percent…
- social security
- healthcare
- armed forces
- road/utility maintenance
bacially everything funded by taxes
Re: If AI replaces workers, should it also pay taxes?
#97Earlier quoted context omitted.
Corporations should be taxed on their profits, including profits boosted by the invention of new technology.
They already have, significantly, around 25-35% in developed economies. The issue is that people often look at revenue, seeing company X earning $100 billion annually, and assume they should pay $20 billion in taxes. However, most AI companies today are not profitable and spend up to 100% more than their revenue on R&D and product development. I doubt they will turn a profit anytime soon, probably not for at least a…
Actually it's much less, big corps are using any possibile schema to avoid paying taxes.
Re: If AI replaces workers, should it also pay taxes?
#98I have to say I'm surprised at the sentiment here that the companies shouldn't be taxed a higher rate than currently.
It's disingenuous to claim that companies are paying the fair amount of taxes on their earnings.
Plainly speaking, the human labor who will be replaced pay a higher percentage of their income in taxes that corporations.
https://observer.com/2024/11/sam-altman-openai-salary/
Simple well known and preventable accounting tricks make the rich never need to pay a fair share. Yet regular people are now even seeing their electricity bills go up because they're using the infrastructure to such an extent.
Yet the sentiment here is : Well don't be silly, they're making profits so they're paying taxes.
They're not making a profit, yet they're reducing employment, increasing services bills for everyone else.
https://www.iea.org/news/ai-is-set-to-drive-surging-electric...
Re: If AI replaces workers, should it also pay taxes?
#99Taxes are to fund government. Isn't the idea for AI and robotics to replace government? No taxes.
Re: If AI replaces workers, should it also pay taxes?
#100Taxes are to fund government. Isn't the idea for AI and robotics to replace government? No taxes.
No? Taxes are to provide public services, facilities and infrastructure.