4 ms·
Saying 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
by drabiega 11y ago
Saying 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.