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writing off 100% of equipmnt investment

in the 1st year as proposed under the tax "reform" bill.


Pretty well established that more US manufacturing jobs have been lost to automation than to either immigration or trade. US manufacturing employs 40% fewer, at lower real wages, then it did in 1980 while output in constant dollars has risen 50%.


Either that's the case or those Mexicans are a heckuva lot better workers.


Like farming, where I argue that scale will happen but it is stupid to subsidize it, there's also no wisdom in subsidizing automation. 


Oh well, just going to have to figure out who to get those coal miners and manufacturing workers mad at.