AI replacing workers reduces tax revenue
Correct me if I am wrong, but I believe the U.S. government would receive most of the revenue to provide services to the American people via the revenue received from personal income taxes. It also is how we fund Social Security, Medicare and unemployment compensation as "workers pay into" those systems to derive their benefits from these government systems when eligible. My question: What happens when we have a dramatic decrease in monies going into those funds as well as into the federal coffers? Well, it would mean we would have to make major adjustments in the scope of many ...