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The world’s first pension crisis – Sovereign Man

Posted by Martin C. Fox on March 31, 2017

The problem for Social Security is that robots don’t pay tax. So the program will lose a LOT of tax revenue as a result.
Yeah but will they get an earned income credit? Don’t laugh. This is big government we are talking about. Maxine Waters and Diane Feinstein could get it passed.

The theory is workers displaced by robots will retrain and new workers will have the training.

We will see. There will be few low skill jobs and the economy can absorb only so many popular careers such as nursing. Challenging times ahead.

The government says the economy is great. To paraphrase Reagan – do not trust, verify. 

Be seeing you


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