Guaranteed Income as Quantitative Easing

[Oerets]

Place a tax on all the jobs replaced by automation. To be used in retraining or maintaining those displaced.
Go to a thee day and a half day workweek and increase vacation time. In order to employ more people.



Barney

[Tom Joad]

Originally Posted by Oerets

Go to a thee day and a half day workweek and increase vacation time. In order to employ more people.
Barney

Not a bad idea.

When I was a freshman in 1965 our economics 101 instructor told us that due to increases in worker productivity we would only have to work 20 hours a week by the time we were his age.

Well productivity kept increasing, but workers share of the proceeds didn't. The mega rich kept it all for themselves.

I place part of the reason on the reduction of the top income tax bracket from 90% down to what it is today. When it was 90% the rich had an incentive to share the wealth because if they didn't the government was going to take 90% of it. Today that's not true, so they keep it all for themselves.

[whell]

Originally Posted by Oerets

Place a tax on all the jobs replaced by automation. To be used in retraining or maintaining those displaced.
Go to a thee day and a half day workweek and increase vacation time. In order to employ more people.



Barney

...and watch those jobs go somewhere else where there is no tax on automation? It might get harder to tax somethibg when it disappears over time.

[Oerets]

Originally Posted by whell

...and watch those jobs go somewhere else where there is no tax on automation? It might get harder to tax somethibg when it disappears over time.

Tax that $hit too! If a company outsources make them pay for the workers they used then tossed away.



Barney

[whell]

Originally Posted by Oerets

Tax that $hit too! If a company outsources make them pay for the workers they used then tossed away.

Barney

Fine. Then the company moves its operations to a country where the tax structure is less onerous.

[Tom Joad]

Originally Posted by whell

Fine. Then the company moves its operations to a country where the tax structure is less onerous.

That's where the guillotines, or my stake burning comes in.

[MrPots]

Originally Posted by Oerets

Tax that $hit too! If a company outsources make them pay for the workers they used then tossed away.



Barney

I'm of a mind of a special business tax assessed on businesses who pay their employees so little that those employees need food stamps and other safety net services. Those costs along with an administration penalty should be assessed on those businesses. I'd wager they start paying a living wage pretty damned fast.

[donquixote99]

Originally Posted by Oerets

Place a tax on all the jobs replaced by automation. To be used in retraining or maintaining those displaced.
Go to a thee day and a half day workweek and increase vacation time. In order to employ more people.



Barney

Sorry, not allowed. As whell points out, the .01% have no intention to pay taxes, or allow taxes on enterprise that cut into their 'earnings.' That is what makes my plan to finance consumption with created money necessary. Fortunately, the .01%'s determination to horde maximum profits means we won't have to contend with hyper-inflation when we do this.

[Tom Joad]

Originally Posted by donquixote99

Fortunately, the .01%'s determination to horde maximum profits means we won't have to contend with hyper-inflation when we do this.

We could do with a little hyperinflation. It would help out all these people that are upside down on their mortgages. The banks would hate it.

[Dondilion]

Originally Posted by Oerets

Place a tax on all the jobs replaced by automation. To be used in retraining or maintaining those displaced.
Go to a thee day and a half day workweek and increase vacation time. In order to employ more people.



Barney

The six hour workday works in Europe. What about America?

Labor force...sick less, work harder, lower stress.

https://www.bloomberg.com/news/artic...-about-america