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Encouraging corporations to automate ― without any help for displaced workers. A provision of the tax bill would allow companies to deduct from their taxable income the entire cost of certain kinds of business investments that were previously only eligible for a 50 percent deduction. Traditionally, manufacturing firms and other infrastructure-heavy companies took advantage of the deduction to buy new factory equipment. But the increase in the deduction comes at a time when corporations are investing in automation of their production facilities through the use of robots and artificial intelligence technology, noted Robert Kovacev, a corporate tax attorney for the Steptoe & Johnson law firm in Washington, D.C. “It’s going to accelerate spending, basically, on robots that could displace workers,” Kovacev told HuffPost. Kovacev is supportive of the deduction, because automation is likely to increase productivity ― defined as the amount of economic output generated per work-hour. And many experts maintain that, over the long run, this type of technological disruption is a net job creator. That is likely to serve as cold comfort, however, for the mostly blue-collar workers displaced by automation in the short term. And Congress chose to speed up the automation process without any companion measures to offset the fallout for affected workers. “It would be a good idea to pair this with a tax incentive to encourage companies either to employ more human workers or retrain them for jobs in the new economy,” Kovacev said. Some progressive lawmakers have other ideas about how to address the harm caused by automation. For example, San Francisco County Supervisor Jane Kim has explored the idea of implementing a ”robot tax” on companies for every robot they employ to perform a job previously done by humans. The revenue raised by the tax would fund the retraining of displaced workers. good
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Dec 4, 2017 03:36
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*takes a massive hit off ballon filled wih own farts* this is why trump won
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Dec 4, 2017 04:57
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Relin posted:Some progressive lawmakers have other ideas about how to address the harm caused by automation. For example, San Francisco County Supervisor Jane Kim has explored the idea of implementing a ”robot tax” on companies for every robot they employ to perform a job previously done by humans. The revenue raised by the tax would fund the retraining of displaced workers. Thank you, Robot Tax, for retraining me from quality inspection at the Kit Kat factory to become a grill cook for five years before that's fully automated too.
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Dec 4, 2017 10:20
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Thanks to the Democrats I was able to be retrained to become a living target practice dummy at the paintball range for billionaire childrens' summer camp.
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Dec 4, 2017 10:22
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I get a .50 cent bonus every time a paintball hits my nipple, but only if I say thank you to the young sirs.
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Dec 4, 2017 10:23
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i mean even whether you think retraining is actually a solution or not we all know they will never ever swallow their pride enough to take advantage of a government program they realize is a government program
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Dec 4, 2017 10:39
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Magres posted:i mean even whether you think retraining is actually a solution or not we all know they will never ever swallow their pride enough to take advantage of a government program they realize is a government program We all know there's not gonna be a Robot Tax.
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Dec 4, 2017 10:54
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maybe the Robot Tax is a shorthand for bands of roving out of work Luddites breaking into factories and smashing up machines, thus a cost that must be factored in
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Dec 4, 2017 15:34
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Mantis42 posted:Don't care, I'd still vote for him. Well, sure, if he gets the nomination
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Dec 4, 2017 16:26
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It's funny that under capitalism an increase in productivity is something workers have to fear. Nationalize the robots.
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Dec 4, 2017 16:32
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White Rock posted:It's funny that under capitalism an increase in productivity is something workers have to fear. Capitalism is so great that it's turned the prospect of a society where nobody has to work and robots to everything for everybody into a dystopian nightmare
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Dec 4, 2017 16:36
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Pener Kropoopkin posted:We all know there's not gonna be a Robot Tax.
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Dec 4, 2017 16:37
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Even if it were passed, lol at the idea of American companies paying their taxes
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Dec 4, 2017 16:40
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Epic High Five posted:Capitalism is so great that it's turned the prospect of a society where nobody has to work and robots to everything for everybody into a dystopian nightmare People are gonna be talking about Elysium 8 years from now the same way we talk about Starship Troopers today.
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Dec 4, 2017 16:58
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Relin posted:Some progressive lawmakers have other ideas about how to address the harm caused by automation. For example, San Francisco County Supervisor Jane Kim has explored the idea of implementing a ”robot tax” on companies for every robot they employ to perform a job previously done by humans. The revenue raised by the tax would fund the retraining of displaced workers. Well intentioned, but the sheer amount of workers being displaced has no where for them to go. Even if someone clicked their shoes twice and they all became brain surgeons, IT Project Managers, Automotive Engineers, etc only a fraction of them would be hired leaving us with millions of unemployed brain surgeons with no where to go. The "bulk" jobs that require "bulk" workers will not exist. The solutions to this goes against every FYGM voter.
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Dec 4, 2017 16:58
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The only real solution is to grow the public sector and deliver government services that people actually want, because it's impossible to compel capitalists to act in the public interest even if you give them free money to do it.
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Dec 4, 2017 17:01
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Pener Kropoopkin posted:The only real solution is to grow the public sector and deliver government services that people actually want, because it's impossible to compel capitalists to act in the public interest even if you give them free money to do it. Me, very centristly: "There *HAS* to be a market-based solution to this!!!"
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Dec 4, 2017 17:15
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Epic High Five posted:Capitalism is so great that it's turned the prospect of a society where nobody has to work and robots to everything for everybody into a dystopian nightmare
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Dec 4, 2017 17:25
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in a world where robots can do all menial tasks the rich will pay desperate poor ppl to do the tasks anyway as a mark of status
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Dec 4, 2017 18:45
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Pener Kropoopkin posted:We all know there's not gonna be a Robot Tax. Agreed, I just meant that even if somehow it did happen and were actually used to fund retraining programs, it wouldn't do a god damned bit of good. We've already tried to do retraining with coal workers and they just steadfastly refuse to take advantage of the programs because surely god emperor Trump will bring back coal any day now.
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Dec 4, 2017 20:38
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Dixie Cretin Seaman posted:in a world where robots can do all menial tasks the rich will pay desperate poor ppl to do the tasks anyway as a mark of status
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Dec 4, 2017 20:40
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Dixie Cretin Seaman posted:in a world where robots can do all menial tasks the rich will pay desperate poor ppl to do the tasks anyway as a mark of status poo poo already happens to a certain extent. THere are days here at work where the bosses don't come in but make us show up and they know we won't be doing poo poo and they'll actually be losing money making us come in. But capitalism is never about money, it's about finding intricate ways to control and own people.
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Dec 4, 2017 20:42
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Dixie Cretin Seaman posted:in a world where robots can do all menial tasks the rich will pay desperate poor ppl to do the tasks anyway as a mark of status loving absolutely this has been going on for a very long time wrt individual craftsmanship vs mass-produced clothing, furniture, etc
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Dec 4, 2017 20:48
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zegermans posted:poo poo already happens to a certain extent. THere are days here at work where the bosses don't come in but make us show up and they know we won't be doing poo poo and they'll actually be losing money making us come in. But capitalism is never about money, it's about finding intricate ways to control and own people. wizard on a water slide posted:loving absolutely uh...what's up with your AVs?
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Dec 4, 2017 20:57
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Burt Sexual posted:uh...what's up with your AVs? logik had a great new gangtag idea and wanted people to commit before seeing it
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Dec 4, 2017 21:01
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zegermans posted:logik had a great new gangtag idea and wanted people to commit before seeing it 
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Dec 4, 2017 21:08
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It was our fault. We figured it'd be something cool.
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Dec 4, 2017 21:17
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zegermans posted:logik had a great new gangtag idea and wanted people to commit before seeing it Seems rational, so how about that Roy Moore fella?
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Dec 4, 2017 21:19
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https://www.uschamber.com/above-the-fold/the-alternative-minimum-tax-bombshellpathetic little tramp posted:So basically, here's what the AMT thing means as best I can understand. Someone correct me if I'm wrong.
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Dec 4, 2017 21:19
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Burt Sexual posted:Seems rational, so how about that Roy Moore fella? logick literally gave them out mere hours before the Moore story ran lol
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Dec 4, 2017 21:28
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Epic High Five posted:Capitalism is so great that it's turned the prospect of a society where nobody has to work and robots to everything for everybody into a dystopian nightmare that future was always going to be a dystopian nightmare hth
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Dec 4, 2017 22:17
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Epic High Five posted:logick literally gave them out mere hours before the Moore story ran lol mods knew
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Dec 4, 2017 22:39
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Magres posted:Agreed, I just meant that even if somehow it did happen and were actually used to fund retraining programs, it wouldn't do a god damned bit of good. We've already tried to do retraining with coal workers and they just steadfastly refuse to take advantage of the programs because surely god emperor Trump will bring back coal any day now. I think its more that they are unwilling to retrain to something that is not guaranteed to employ them nor guaranteed to pay the same or better than what they got as a miner.
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Dec 4, 2017 22:51
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Epic High Five posted:Capitalism is so great that it's turned the prospect of a society where nobody has to work and robots to everything for everybody into a dystopian nightmare and kids in the middle east are terrified of blue sky capitalism is already great
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Dec 4, 2017 22:52
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Epic High Five posted:Capitalism is so great that it's turned the prospect of a society where nobody has to work and robots to everything for everybody into a dystopian nightmare  it's already a dystopian nightmare
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Dec 4, 2017 22:55
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Kit Walker posted:Bernie is gonna be 79 loving years old in 2020. I...kinda doubt he's gonna run. Or win. Christ, imagine him winning and then somehow winning a second term and living it out. loving 87 year old president. Dems need new blood. i'd give my blood for president bernie
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Dec 4, 2017 23:00
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To be fair, it doesn't say the plasma can't come from unwilling rich people.
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Dec 4, 2017 23:10
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Azuth0667 posted:I think its more that they are unwilling to retrain to something that is not guaranteed to employ them nor guaranteed to pay the same or better than what they got as a miner. except the people from that "nfl is niggers for life" article where a dude had like 150+ jobs available in his factories or whatever but all these miners in the area refused to retrain because they just love coal so goddamned much like the jobs were there, they were just stubborn jackasses
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Dec 4, 2017 23:15
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lets not give them the benefit of the doubt because when they're presented with these opportunities in the ideal conditions they still loving turn them down
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Dec 4, 2017 23:18
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wizard on a water slide posted:loving absolutely There is honestly a world of difference between mass produced furniture and hand made stuff. I'm an amateur woodworker and furniture maker and one of the reasons I've gotten into the hobby is because of how durable and beautiful properly made wooden furniture is. My wife has an antique dresser she inherited that's over a hundred years old, and it's still a functional, nice looking piece that we use every day. Though you could totally build machines to produce all of the parts of nice furniture and to assemble them and create results that are virtually indistinguishable from what a craftsman with 30 years experience can do, we just don't bother because people want their poo poo cheap and disposable. I've seen people build contraptions to automate the most irritating parts of a lot of the joints that go into this stuff and it cuts their fabrication and assembly time down by like half or more.
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Dec 4, 2017 23:25
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