2 ms·
Oh, that's easy. If everyone is taxed at 15k a head, then the minimum that anyone can work for jumps to 30k a year, or 20k part time. That means hyper-inflatio
by ebiester 16y ago
Oh, that's easy.
If everyone is taxed at 15k a head, then the minimum that anyone can work for jumps to 30k a year, or 20k part time. That means hyper-inflation or mass unemployment. That means that college would incur an additional 60,000 in opportunity cost, costing this country a skilled labor base.
You still need people to man the circle Ks. If you suddenly have to mechanize all of these positions (because the price of labor has doubled or tripled), you end up with even higher unemployment. And I promise you, when you have 30% unemployment and people coming for your head, you will see armed revolt.
It's simple. You do not press on poor people because they are the foot soldiers in a revolution, and your soldiers are their brothers.