3 ms·
> We can tax these companies a modest amount and give that to unemployed workers. This is subjective and a slippery slope. There really is no difference betwe
by ProAm 11y ago
> We can tax these companies a modest amount and give that to unemployed workers.
This is subjective and a slippery slope. There really is no difference between a tax and raising the minimum wage. A tax creates a new middle mam, the government, who is responsible to pay people vs a business owner. Either way the cost is passed to the consumer.
- drabiega 11y agoSaying there is no difference between a tax and raising the minimum wage might be going a bit far. Depending on what you're taxing the incentives and results of a tax and a minimum wage increase can be very different. For instance, a tax on profits doesn't change which activities are profitable it reduces the extent to which they are profitable, while a minimum wage increase can actually change what activities are profitable in edge cases. Personally, I think guaranteed basic income + no minimum wage puts the incentives in the right places, but I'll settle for increased minimum wage in the face of the unlikelihood of a basic income being put in place.