Re:If AI replaces workers, should it also pay taxes?
by cheema33 on Monday December 15, 2025 @12:20PM
(#46277373)
Are you telling us that the party of golden ballrooms... err.. fiscal responsibility is not actually being fiscally responsible?
Re:If AI replaces workers, should it also pay taxes?
by gjsman-1000 on Monday December 15, 2025 @01:45PM
(#46278572)
You tell me. It's not like the other party is doing better. California is posting a $18 billion deficit next year, despite the highest taxes in the country, and despite record tax revenue from the AI boom.
Re:If AI replaces workers, should it also pay taxes?
by ceejayoz on Monday December 15, 2025 @01:52PM
(#46278655)
They had a $97.5 billion surplus in 2022. Seems like they're doing better overall than the Feds?
Even the $18B ($450/capita) vs $1.8T ($5,300/capita) looks pretty small for a state that large.
During Clintons term this turned around to being a 2.3% surplus in 2000. Just 25 years ago the US was spending less than it was taking in tax.
The Bush came in and that surplus became a 3.3% deficit by 2003, and then the GFC crashed it to 9.8%.
While Obama was in, it crawled back from 9.8% deficit to 3.1% by 2016 - same value as before the GFC
Since then it's gone back to 6% of GDP
https://fred.stlouisfed.org/series/FYFSGDA188S