An imminent AI-driven unemployment economy: Who will pay taxes?

Our socioeconomic system faces An Existential threats from AI. In our capitalist society, most people rely on work to maintain themselves. The US government relies heavily on taxing income on individual workers’ income.

As Artificial intelligence is gradually eliminated Employment opportunities, increasing numbers of individuals face severe employment insecurity, leading to a corresponding decline in federal income. There is a need for fundamental action towards better possibilities, moving away from the collapse of dystopia.

Specifically, income-based taxes need to be replaced with other forms of taxation, and mechanisms for supporting unemployed people need to adapt to support large populations that have been ousted from the job market. Given that the use of AI on behalf of human workers is the source of the problem, commercial use of AI systems should be taxed to compensate for loss wages and the federal government for income-based tax losses It makes sense to be.

Income collected by the US government is currently based on workers’ taxation.

That’s the motivation for these concerns AI functions are progressing rapidlyand while most jobs are now safe, it has become clear that AI will perform almost every task more efficiently and cheaper than people can ultimately do. From manufacturing to customer service to creative fields such as writing and music, machines are already showing that they are superior to humans.

AI can’t wait: Why do you need speed to win?

The wide range of robots under development will expand the reach of AI to include physical jobs such as construction, healthcare and house cleaning. This transition does not occur overnight, but it is inevitable. Companies continue to replace human workers with AI-driven systems to save money and increase productivity. The question is not whether AI will take over most of its work, but when.

The future where robots do everything in their work can be fantastic if they plan the social implications of widespread unemployment right now. The obvious problem is that without work, people have no way of paying for food, housing, or other expenses. A slightly less obvious problem is that income collected by the US government is currently based on the taxation of workers.

Total salary and income, Social Security and Medicare Tax Together they account for more than 80% of federal revenue. As unemployment rates increase, the tax base decreases and government revenues drop significantly. Our economy is facing the double wonder of declining incomes, and at the same time, it is increasing the number of people, not due to the support of our own needs.

AI is restructuring its business. This is how we are ahead of China

Traditionally, the issue of supporting non-workers, for example, through welfare and universal basic income (UBI), has been unfavorable for many. Because it basically involves taxing workers’ production to help people who are not working. The real location of that type of wealth evokes alienation of comparisons with socialism and communism. Even if you try to accept the idea of ​​taxing workers and using money to help others, it will still need to tax a large pool of workers.

however, AI to replace human workersthere are alternative ways to fund support mechanisms like UBI. All we have to do is to tax the work done by AI and understand a reasonable way to rationally distribute revenues to humans.

This proposal is very different from socialism and communism in that we are not getting the results of one person’s work and giving it to someone else. Instead, we will take the revenue from our AI/robot efforts and share them with humans.

How Team Trump puts AI in the American innovation position

Given that AI systems are trained on a vast amount of national data, there is even a compelling economic justification to tax these AI systems and send money back to the public. Think of it as a license fee paid to American citizens using the data.

Of course, many Americans are also opposed to taxing businesses. from From Mama and Pop’s Grocery to Amazonthe concern is that taxes are burdensome and harmful to the business.

However, these companies are able to replace workers who could cost between $30,000 and $300,000 a year, making it easier to spend less than $30,000, and annual maintenance and electricity costs. You can save a lot from replacing robots that cost less than $20,000. Non-physical work savings are even greater as they don’t require physical robots and are only AI running in the cloud.

For more information about Fox News, click here

As an additional bonus, these AI workers operate 24/7 without requiring rest. (Note that the power bill does so do not have It will be very expensive. Training large AI is costly, but with training, each copy can be replicated over and over, as it can be run on a high-end personal computer using less than $10 per day. )

when AI-driven robots make somethingsandwiches or cars, it creates new value: the difference between raw materials and final products. Similar values ​​are created when the robot harvests gold mines or lumber. When a person does his job, his value is divided in three ways. Employers, human employees, government. However, when the robots do the work, the split does not have human employees.

Essentially, I propose to find a way to bring a human back to that equation. The most obvious way to me is that AI jobs should be taxed and revenue used to support American citizens through UBI or the like.

Click here to get the Fox News app

Certainly, it is unclear how to reasonably measure “AI work” in practice, but even if it is a fatal flaw in this proposal, the motivational problem is AI takes over most of the work It’s still a long way off. Whether it’s AI work or something else, you need to plan and start implementing it now.

We have been able to have a bright future where people can focus on their passions rather than work for others, and have a bright future where people can live their lives comfortably. Or, if you want to see an alternative, go and watch the Hunger Games.

For more information about James O’Brien, click here

Disclaimer: The opinions expressed in this article are solely as individuals of the authors. Nothing in this article should be construed as a statement made in relation to the author’s professional position with any institution.