Employee representation, Artifical Intelligence/Automation tax, Employee Ownership Bank, Workweek reduction with no loss in pay, and other strong regulations on companies are required before artificial intelligence and automation are acceptable. Changes such as those presented recently by Bernie Sanders are more important now as we head into a second working class attack by the wannabe-Reagan administration and corporate class’ push for the transformative impact of artificial intelligence and automation.
Investment into any sector will not help anyone outside the corporate class as automation saturates. Which will be the next trend in business, to replace over 100 million jobs with artificial intelligence and automation. Sectors will include many but heavily the service, manufacturing, logistics, and transportation.
Borrowing, grants, fiscal support, financing, bail outs, and funding should not be allowed to companies who have any part of their business that has automation or artificial intelligence as well as heavy taxation reminiscent of the New Deal Period, 70%+. Any company using artificial intelligence or automation shows a gross misunderstanding, indifference, and incompetent understanding of the rest of the economy, which does not include the less than 1% of the population of the economy whom they know. Whether in progress or already operating, large taxes and no financing should be allowed to companies with any automation. This economy is a system where wealth can be extracted if the public is not careful to hold the wealthy accountable. The government can be exploitunless policy making, and legal participation can steer policies towards public facing.
This current administration is a replay of the Regan Administration. A switch of the broader political epoch from the public centered New Deal era. Deregulation, farmer-crushing, Union-busting, monopoly-enabling, market centered policies, Reganomics, Milton Friedman/Voodoo economics, covert racism, national debt tripling, debt to GDP expansion, and corporate tax reductions are all pillars of that fateful play to swell equity vertically, and crush equity horizontally.
The people of the United States have lost so much from decades of job outsourcing, deregulation, low employee ownership in companies and poor corporate governance of the broad economy. It is time to turn the table again to build public centered policies.
New Creative Solution 