Loading ...On X you are quoted as saying that “if AI and robots don’t solve our national debt, we’re toast”. In the light of the worst October govt. deficit ever, worse even than October 2020 during the Covid firehosing, how can AI and robots not make the deficit even more bad? Looking at the revenue side, as AI and robots take over jobs, income tax and social security revenues will fall, while social security and health expenditures will rise (health, because robots don’t pay insurance premiums and govt. schemes will pick up the slack). Because robots don’t make SS contributions or pay taxes either. The deficit can only get bigger. And even if a magic wand removed the national debt and there wasn’t $104.4bn in interest for the month the deficit would only drop to $180bn. In the absence of said wand, the interest charge will only increase as the deficit increases by $3tn a year: and that’s after DOGE savings and tariff revenues are included.
Rather than your manic rush to put everyone out of a job, the country needs to dump some technological advances and return people to the workforce, removing them from social security payments and becoming contributors to the system with taxes.