AI's Impact on the Current-Future Labor Force & the U.S. National debt.

The U.S. National debt is -

(Currently) $38.7 Trillion (and rising) per U.S. usdebtclock.

AI will take away (most) computer dependent jobs in the future (not all) but enough for the Unemployment rate to spike significantly thus reducing Tax revenue.

So Income Tax, and Corporate Tax will (need) to be Increased (especially) on Corporations, and the wealthy; to be able to cover it.

Reality is, even with the Trump Import tariffs that were nullified ($200.0 Billion a year with refunds of $125.0+ Billion in process back to Corporations-businesses) by the Supreme Court it wouldn't even faze the (current) $990.0 Billion (and rising) a year in Interest paid by U.S. taxpayers to outside Investors that finance the U.S. National debt.

These are the facts.

#Debt #AI #GenerativeAI #AILayoffs #EmployeeRights

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@bg Work??? Right. Funny joke, right?! There will be NO MORE EMPLOYMENT anywhere within a few short years. N.O.N.E.!!!!!!!!!!!

@bg This is correct. If you want socialism/communism, you need to follow the motto and go to work.

"From each by his ability"

No more of this woke "quiet quitting"

The bottom 50 percent of people in America pay virtually no tax. We will eventually take the model the rest of the world uses and add a 20 VAT tax.

We cannot have all the "wants" of the left unless EVERYONE contributed.

We will also need to increase the labor force participation rate. (62 percent) Currently, one third if your neighbors don't work and contribute to taxes

"From each according to his ability, to each according to his needs" is a communist maxim popularized by Karl Marx

How long will Americans and corporations be able to live on Debt? If more countries join BRICS and start trading in Yuan (Chinese currency), the Dollar will struggle to survive. And Americans will struggle like never before (since no country will hold US debt or trade in US dollar). The dollar will become worthless. And that is exactly what China wants. Hence, they are buying tons of gold. Everyone wants to trade in gold and the value will increase as long as there is only so much of it (like two and half Olympic size swimming pools) while the dollar collapses. It's only a matter of time until China becomes the most powerful and strongest nation on Earth.

Thread regarding State Farm Insurance layoffs

AI's Impact on the Current-Future Labor Force & the U.S. National debt.

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