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Clever alternative to raising the minimum wage by a large amount. The Libertarian in me sees a possibility that this will reduce the government's burden and (po
by andrew_ 8y ago
Clever alternative to raising the minimum wage by a large amount. The Libertarian in me sees a possibility that this will reduce the government's burden and (potentially) reduce social services by a teensy amount.
Surely there are detriments I haven't considered, and please do share them if any come to mind.
- harryh 8y agoIt's a large intervention into the free market and a significant tax distortion. Why should companies that employ lower skill workers pay higher taxes than those that employ higher skilled workers?
- andrew_ 8y agoExcellent question. Slight tangent, but in many states (Michigan is one) there are already disproportionate worker's compensation taxes based upon the risk factors of the occupation and environment - so there is precedent for that sort of thing.
- harryh 8y agoWorker's comp payments aren't really tax payments. They're insurance premium payments to cover the costs of on the job injuries.