Bill Gates recently called for a tax on robots that take jobs from humans. Does this proposal have merit?

Owatonna, MN Correspondent– Taxing robots certainly has merit for the government, which relies on taxing humans to feed its spending addiction.

It’s presumed a corporation that employs robots will be responsible for paying the robot tax. How will that be assessed if robots don’t receive compensation similar to what human employees receive? Should it be based on the robots’ productivity? And how should those tax dollars be spent? It makes the most sense to spend robot taxes on displaced workers who can’t find jobs because of automation. However, anyone who believes that government will faithfully dedicate all collected robot taxes to helping displaced workers, there is still plenty of swampland for sale in Florida. Continue reading

Would Eliminating Taxes be Disastrous for Society?

Prescott Valley, AZ Correspondent-Eliminating taxes will likely not happen as there will be tax shifts to make up for any termination of state or federal income taxes. If taxes are done away with, there will always be replacements through other sources of revenue.

If alternative sources were to be eliminated, there likely would be negative consequences but with many states currently proposing tax shifts, there will be replacements offered that will, in the long run, compare to the cost of taxes. People will challenge the productivity of the alternatives, but if they know that the tax replacement will help the infrastructures of their states, the alternative to state income taxes might be an easier pill to swallow. With state and federal entities needing monies to support the state and federal decline in infrastructure, any impending doom will be absorbed by individual taxpayers who share most of the burdens anyway. Continue reading

Have CEO’s become too publicly involved in politics?

Prescott Valley, AZ Correspondent-Corporate executive officers (CEO’s) have become too publicly involved in politics, particularly those who have taken on hotbed issues that have affected Americans in less than positive ways. Rather than looking at those issues from the standpoint of the Constitution and the laws that govern the nation, they support issues that are unfavorable to the lives of everyday Americans. Continue reading

Statistics released from the Labor Department report that over 94 million Americans are either out of work or underemployed. How can this crisis be solved and out-of-work Americans returned to the job force?

Owatonna, MN Correspondent-In the long run, the unemployment/underemployment crisis will resolve itself because Baby Boomers, the largest demographic group in the country, are retiring at an increasing rate. Their positions will be filled by younger workers as all generations after the Boomers move up a notch in the workforce.

The real crisis is in the short term—the next five years or so. Training is the big issue. New jobs are being created due to new technology, but schools can’t possibly be at the forefront of training because they are slow-moving dinosaurs with regard to responding to what employers and the marketplace want and need for job skills. Continue reading

Is Donald Trump’s Election as President of the United States a Black Swan Event? If so, What Effect will it Have on Wall Street?

From Our Owatonna, MN Correspondent

According to the website Investopedia, “A Black Swan is an event or occurrence that deviates beyond what is normally expected of a situation and is extremely difficult to predict. The term was popularized by Nassim Nicholas Taleb, a finance professor, writer, and former Wall Street trader. Black Swan events are typically random and are unexpected.”
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Election 2016 Round Table Discussion: With the economy and jobs being two of the hottest interrelated issues of the 2016 campaign, what will be the solutions to bolstering a stagnant economy and returning Americans to work?

Prescott Valley, AZ Correspondent-The solutions to bolstering a stagnant economy and returning Americans to work lie in the reestablishment of a number of institutions and policy approaches that will strengthen the economy and return Americans to work.

With the number of businesses, companies, corporations and organizations leaving America in record numbers and corporate tax rates remaining at high levels, the demand for lower waged workers, and lower priced products and services have driven significant numbers of companies and jobs overseas. In addition, jobs have disappeared or have been significantly diminished to the point that entire industrialized sectors of the American economy have been driven out of existence. Continue reading

Has religion become just another big business? Is it time to end religious institutions’ tax-exempt status?

Sheffield, Jamaica Correspondent-I’m a highly religious individual.  In fact, I’m so devout that I’ve dedicated my entire life to a course of preaching, so that people can enjoy the hope and happiness I have. Getting to know God is wonderful!  Since we received everything from God, I believe that we should give freely. That includes those so called religious leaders, of which the majority are spreading false doctrines to swindle people of the hard earned cash. In fact, some religious leaders profess that they are able to provide miraculous healing (for money), to rid individuals of their ailments. What garbage! If they had the power to heal, why are so many individuals dying from cancer? Continue reading

Symposium 2015: Should federal anti-gaming legislation be scrapped?

Gastonia, NC Correspondent-If you’ve seen the “Godfather” films, you got a taste of what Vegas and Atlantic City life was like when the Mafia owned a large part of the casino and other gaming business.  While the rubes through the door didn’t get fleeced any more thoroughly than they do today, the behind-the-scenes goings-on were bloody, ruthless and heavy-handed. Continue reading

Donald Trump has proposed a tariff on goods imported from China. Would this ultimately hurt or help the American economy?

Myrtle Beach, SC, Orlando, FL January 22, 2016

Owatonna, MN Correspondent-On the surface, the United States government imposing a tariff on a country that doesn’t play fair when it comes to trade, like China, sounds like a good thing to do. We stand up to a cheater, exert our sovereign rights, and possibly add tax revenue to the balance sheet. A tariff would prevent China from artificially cutting their prices on their exports, thereby gaining market share at the expense of US producers or producers from other countries. Continue reading