An interesting article I wrote on the reality of the current system.

I have compiled an article(most compassionate one to date) about the ideal vision for our revised system. Click here http://www.assupportgrouponline.org/system

Please check it out.

Emma

Parents
  • As both an engineer and an economist I will assure you that the biggest problem society faces is not climate change, and certainly not terrorism, but unemployment resulting from automation and other developments in technology with the inevitable consequence of a shrinking tax base. The problem is that whilst climate change and terrorism are considered to be issues for governments to tackle, unemployment resulting from automation is deemed to be an issue for individuals to deal with themselves or left to the free market to sort out. The resulting loss of tax revenue has not been given the attention that it really deserves. At the same time companies will emerge on the back of automation that employ only a small number of staff but make enormous profits.

    The unemployment problem probably has no workable solutions but there is no way that a tax system designed for a heavy industrial, or even service sector, economy and society will be able to provide governments with the revenue that they need to provide public services on the scale that they currently offer once the effects of automation have made deep inroads. What has happened so far is just the tip of the iceberg.

    NAS15840 said:
    Allowing people to not pay any tax is a bad thing, it give the impression of "free" and people think free has no cost and often no value. If everyone has contributed then everyone feels a sense of ownership and so cares about things far more.

    That's a purely ideological and psychological, not a practical economic, theory.

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  • As both an engineer and an economist I will assure you that the biggest problem society faces is not climate change, and certainly not terrorism, but unemployment resulting from automation and other developments in technology with the inevitable consequence of a shrinking tax base. The problem is that whilst climate change and terrorism are considered to be issues for governments to tackle, unemployment resulting from automation is deemed to be an issue for individuals to deal with themselves or left to the free market to sort out. The resulting loss of tax revenue has not been given the attention that it really deserves. At the same time companies will emerge on the back of automation that employ only a small number of staff but make enormous profits.

    The unemployment problem probably has no workable solutions but there is no way that a tax system designed for a heavy industrial, or even service sector, economy and society will be able to provide governments with the revenue that they need to provide public services on the scale that they currently offer once the effects of automation have made deep inroads. What has happened so far is just the tip of the iceberg.

    NAS15840 said:
    Allowing people to not pay any tax is a bad thing, it give the impression of "free" and people think free has no cost and often no value. If everyone has contributed then everyone feels a sense of ownership and so cares about things far more.

    That's a purely ideological and psychological, not a practical economic, theory.

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