Tuesday, March 18, 2014

Billionaires Demanding Higher Taxes On Workers, More Immigrant Competition

Why am I not surprised?
Billionaire software mogul Bill Gates has joined the growing chorus of tech experts who predict that low-skill Americans will face greater unemployment because more jobs are being done by software and robots.
The Microsoft founder, whose net worth is $76 billion, suggested the problem could be fixed by reducing taxes on employers and raising taxes on employees, via the reduction of payroll taxes and the addition of new federal consumption taxes.
The widening recognition of greater low-skill unemployment is also creating a problem for the many executives — including Gates — and lobbyists and legislators pushing for increased immigration. They back the Senate’s immigration bill, which would dramatically increase the supply of foreign labor, despite Americans’ high unemployment rates.

Read more: http://dailycaller.com/2014/03/17/gates-tax-consumption-to-fix-unemployment-caused-by-technology-video/#ixzz2wLSp5pJZ

6 comments:

Philip Ngai said...

Let's say we steal all of bgates money. Assume that's $76 billion, even though dumping MS stock would cause the price to crash, and divide it evenly among 300 million people.

Everyone gets $253.33

Clayton Cramer said...

I certainly would not suggest stealing his money. I would suggest that he should stop encouraging the government to steal more of my money by raising taxes on workers.

Clayton Cramer said...
This comment has been removed by the author.
Philip Ngai said...

I'll gladly agree with the not raising taxes part!

Joseph said...

The U.S. should be a place where people from all over the world can hang onto their earnings.

Windy Wilson said...

Indeed. The U.S., above all, should be a place where people from all over the world can hang onto their earnings without fear that someone uninvolved with their lives or how they earned their rewards tells them how much of it they get to keep.