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in8snotes

Thoughts on the 2018 Tax Bill

"For the next five years, the House bill will allow businesses to immediately expense the full cost of most assets" (Forbes). This will certainly accelerate any current plans for automation and undoubtedly speed up layoffs of low skilled workers. This might create some (far fewer) technical jobs to support the new robotics but on balance there will probably be a net loss of jobs. Also, at least some of the money brought back to the states under the lower corporate tax regime will almost certainly be spent in this same fashion. If a low skilled worker can re-train with skills to operate or program or service automation they might move up into the shrinking middle class, but I don't see much of a plan for the majority of Americans.

Last saved: 01/30/2018
/journal / thoughts_on_tax_bill.txt



   
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