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Raising the floor logically implies redistributing real wealth to the poor from the non-poor, but implies nothing about the value of a dollar.
by Liron 10y ago
Raising the floor logically implies redistributing real wealth to the poor from the non-poor, but implies nothing about the value of a dollar.
- bottled_poe 10y agoIt seems to me that prices and wages would rise as a result of raising the floor. The important question is where the money comes from to raise the floor. If it is not from the top end, the gap between rich and poor doesn't change in terms of actual buying power. It may just widen the gap.
- geogra4 10y agoIt doesn't have to be strictly money, but services -- ie a guaranteed level of basic food, housing, education and medical care for all.