"Create a seller's market for labor?" How do you plan on doing that when robots, computers and other machines are able to work for free?
Fundamentals drive markets, not tax policy.
Robots, computers and other machines are able to
work for FREE?Since when?
Someone has to invent, build, and maintain those machines. They are not free.
Remember that these doom and gloom predictions are in the main coming from pundits writing for and addressing a specific reader: Investors.
If anything, I see automation as a boon to productivity: cutting costs (over the long term) which means Increasing World Market Share and Creating a Larger Domestic and World Opportunity.
With that Opportunity to export will come More Demand, More Production, More Workers needed.
Except that these workers will be skilled in different areas than they are now, higher Education required.
If our Universities had to actually Teach anything beyond recycled Marxist/Leninist dogma the Universities themselves would self police and we could shed a huge portion of our "Govt must provide all things to all the people" (Governor Arnold Kennedy, D. Hollywood) welfare state.
A huge portion of our National Debt is in Govt. Entitlement programs.
You asked who is going to cover $800 B in Corp Taxes.
Well who is going to cover our $2T National Debt?
Let's say Govt. does come up another $800 B short because my model is an unworkable pipe dream.
http://www.youtube.com/watch?v=7YaGwI7GjlAGood. Another Major Win.
Any time Govt gets defunded Anywhere is a win.