Fair Fix for the Ai/ Automation Apocalypse: Taxing Ai Profits to Protect Workers

Addressing the AI and Automation Disruption: A Fair Proposal for Taxation and Worker Support

As the landscape of work evolves with rapid advancements in artificial intelligence, automation, and robotics, concerns about widespread employment displacement are mounting. Without proactive measures, many individuals risk falling into poverty as their jobs become obsolete. To address this challenge, I propose a forward-thinking solution centered around fair taxation and redistribution to support displaced workers.

Proposed Framework for Mitigating Automation’s Impact

Implement a tax on large enterprises—specifically, publicly traded companies or those generating over $10 million in annual revenue—that significantly benefit from automation. This tax would be a percentage of the labor cost savings achieved through AI and robotics, incentivizing companies to contribute back to society.

How would it work?
– Establish clear metrics by comparing prior payroll expenses to those after automation implementation, with independent audits to ensure transparency.
– The collected funds would be pooled into a national trust, owned collectively by citizens, and managed on a blockchain to guarantee transparency and security. This trust would operate independently of government control and be governed by open-source AI systems to ensure impartiality.

Direct support for displaced workers
– Initial disbursements would target individuals directly affected by automation, providing monthly payments—around 80% of their previous income—to help bridge the transition period.
– Funds would also cover access to free retraining programs, empowering workers with new skills to re-enter the workforce.
– Importantly, the program would initially exclude those on existing welfare or government assistance, focusing resources on those impacted directly by automation.

Gradual Expansion and Fair Incentives
– As the trust grows, eligibility would expand to include low-income workers and those in roles facing imminent disappearance.
– To foster corporate responsibility, companies that invest in retraining displaced employees instead of terminating them could receive tax reductions or exemptions. Small startups could be granted temporary relief from these taxes to encourage innovation and job creation.
– A streamlined verification system, perhaps a digital registry with quick claim validation, would handle disbursements efficiently.

Reasonable Revenue Sharing
– A suggested contribution rate could be around 30-50% of the automation-related savings, allowing companies to benefit while ensuring sufficient funds are collected for redistribution.

Governance and Oversight
– To maintain fairness and prevent corruption, the trust would be managed by an open-source, code-driven agent, minimizing human bias and political influence.

Addressing Concerns About Funding Sources
– Instead of targeting