this post was submitted on 08 Jan 2024
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Thought for the day (lemy.lol)
submitted 10 months ago* (last edited 10 months ago) by King@lemy.lol to c/whitepeopletwitter@sh.itjust.works
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https://bsky.app/profile/danacea.bsky.social/post/3kihi3cuhlt27

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[–] TheFriar@lemm.ee 24 points 10 months ago* (last edited 10 months ago) (2 children)

Well, it poses an even more interesting necessary change as well: taxing the wealthy. Because when everyone is out of work and has no money, there is no tax revenue being generated.

But let’s face it, AI will be used to increase profits and slowly put tons of people out of work for a _really, really long time_before they even move one fucking micrometer in the direction of UBI and closing corporate tax loopholes and going after offshore money and the überwealthy.

[–] doppelgangmember@lemmy.world 2 points 10 months ago* (last edited 10 months ago) (1 children)

Yepp.. Americans and wage laborers need to learn to use the tax system to their advantage like the rich.

  1. Setup "Small businesses" (candles? doesnt f*ing matter), start doing a shit ton of tax write-offs, open shell companies in Panama, Luxembourg and maybe the U.S. Virgin Islands or Delaware for domestic.

  2. Wash those funds into your shell businesses, write-off some more in a new country (maybe even using physical cash transfer systems to avoid direct-exchange records, like systems in Asia and Western Asia/Middle East do), stash the gains in foreign accounts with high interest rates/ market funds/whatever.

  3. Profit ??? (Hopefully, keep it secret, keep it safe tho)

Congratulations, you've now probably dropped your U.S. income bracket level a notch, lots of things are paid for through your LLC now to shield your assets while using your corpo to bear the brunt. All while potentially making extra revenue at a potentially lower/non-taxed rate (depending on cashout, gains, yadda yadda yadda).

Have fun kids, make sure to share the wealth!

[–] hydrospanner@lemmy.world 2 points 10 months ago

And once you get that all figured out to the point that you're both rich and bored, run for president!

[–] bouh@lemmy.world -2 points 10 months ago

Let's be honest, they don't need AI to increase profits and put people in misery. This argument is a stupid hope at best. Like let's hope that if there is no AI we will live decently one day. It won't happen.

AI is an opportunity to change the system, and it cannot be worse.