Re:Amazon rolls out machines that pack orders and replace jobs
by fastball on Tuesday May 14, 2019 @01:07AM
(#19906919)
No, it's just that you are only now bringing in capital gains, when that's actually pretty important. If all these corporate profits are going to shareholders, who are then taxed on capital gains, don't you think that's a little bit higher than the 1% you were quoting?
So maybe if you actually finished doing the math instead of stopping in the middle, you'd see that automation isn't the tax loss you're making it out to be.
Is the outcome such that the reducion in payroll will lead to increase in profits and then pressumably that profit will be taxed at a minimum of long term capital gains rate when returned to shareholders?