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Originally Posted by djforsberg
I agree with your first point but not your second. Harper lowered Canada's corporate tax rates. How has that helped our country?
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Actually that part went quite well.
Quote:
Originally Posted by djforsberg
So when jobs are continued to be lost because of automation and globalization, what do we do? Still pay everyone "what they are worth"? That will be peanuts compared to a laborer in China or compared to the relatively much-more-productive robot that will replace their food service, retail, transport, financial analyst, or whatever job. There will simply not be enough opportunity available for these displaced workers to find similar paying jobs even if they tried or are trained. We have been down this road before with the steam engine, electricity, computers, etc., but its different this time. The unsustainable growth we have seen in the 20th century is going to slow down dramatically and the signs are obvious (i.e. growing consumer debt, real estate bubble in Canada, student loan bubble in the US, growing % of GDP in the financial industry, etc.). I politely ask you to consider how do we have a stable economy and society if all the capital stays with the owners of these global and highly-automated companies, while their share of society's wealth, grows?
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You're taking a broad and simple statement and adding a complex topic that wasn't the slightest bit involved in our discussion
We've been down this road before, so we should know how to deal with this even better. What I do not appreciate at all is when individuals do not prepare, spend themselves into debt, and then turn to the government and their friendly neighbourhood taxpayer.
I believe in the free market but still have my tendencies for a little bit of protectionism when it comes to the economic protection of the citizen. It doesn't fit perfectly cleanly into any political leaning, hence why it is my own and not necessarily the stance of any party or politician that I may support.
I think the we should not pay people peanuts, but holy shit, if we're heading towards automation... what are people doing to prepare? We have a high minimum wage so wages won't dip below that (so I dunno why you bring up peanuts).
Do we prepare for the new problem or do we make others who ARE prepared pay for it?
Are we proactive? How many smart phones and xboxes do these future victims of automation have? When struck with the plausibility of losing employment, do they seek further training or do they wait for a government cheque?
These can be sink or swim moments. And I do believe we need to help people, but not through merely redistribution, but by enabling people to adapt to a changing workplace. We need people to SWIM to buy us time as we do that. If we just toss money at the problem, we end up like Manitoba after 16 years of NDP. I'm happy to be a part of a society of that helps swimmers.
Ultimately, your last sentence sums up our disagreement... "while their share of
society's wealth grows..."
Dude, that's THEIR wealth. The businessman in me applauds their new discoveries enabling higher production/profit. The man in me worries for the workforce, no doubt.
When I'm talking about financial difference makers, whether in this post or previous, I'm not talking about the 0.0001%! I'm talking about everyone above the annual $200,000 mark that just got taxed by Trudeau. Hell, I'm talking about anyone who works hard, and is looking for ways to either work harder or provide solutions for the market that push them into a higher tax bracket (that welcome gift of a higher tax rate waiting).
People keep saying "the rich get richer"... no shit they do, they're GOOD at what they do, and those who are good at what they do, who find more ways to produce, who find solutions in times of problems (like you mentioned with automization), those people will ALWAYS get richer. Those who work and those who innovate get rewarded.
Find a country where the rich don't get richer and I'll tell anyone to leave that country! The experts at making money can't make money there!
In order to swim, you have to make yourself irreplaceable. That requires some ingenuity and some elbow grease. Perhaps we've become to entitled to our own economic progress, and are too shocked *gasp* that we need to adapt! The individual needs to step up for themselves. Society cannot help someone who doesn't help themselves because that help is temporary.
We keep talking about society's problems without addressing our own. My job, for one, is unaffected by automation... yes, I'm preaching from an ivory tower... and I want out society to be helpful, but that goes beyond redistributing wealth, taking/giving, and it goes beyond punishing corporations for finding creative solutions to grow. But the workforce should train themselves to be lightfooted... if a high tide comes in an swallows up those unwilling to move, you can't just tax your way out of that.