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If young people cannot afford to marry and start families, then... they need more and better jobs, and to get to keep more of their income. I.e., more growth a

• summerlight 8y ago
  You suggest "more growth" and "lower taxes" as a solution. The former is more of an objective rather than a solution; every single government wants "more growth" but how to achieve that is a completely different story. About "lower taxes", South Korea already tried that option for 9 years and it had spectacularly failed. (BTW, income and corporation tax in SK is generally much lower than the US, so apparently "even lower tax" that you might suggest won't likely work.)
  • cryptonector 8y ago
    There's certainly a point where lowering tax rates cannot help much (diminishing returns). But raising tax rates from that point might have an outsize effect, depending perhaps on how much (but still assuming not that much of a change). As to growth, you're absolutely right that it's not as simple as wishing it. But the same is true for raising wages: sure, it's trivial to raise the statutory minimum, but for that to have the intended effect is a different story, unless the intended effect was more unemployment.
• yongjik 8y ago
  People who are earning minimum wages generally don't pay tax. In order for them to keep more of their income, yes, they will actually need lower tax, i.e., minus tax, i.e., welfare. And guess how we fund welfare?
  • cryptonector 8y ago
    Many people who earn more than minimum wage and do pay taxes also find life unaffordable.