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That's a false choice. It's not a choice between paying banker bonuses or giving minimum wage workers an increase. Also, while I agree with the premise that it
by _jgdh 7y ago
That's a false choice. It's not a choice between paying banker bonuses or giving minimum wage workers an increase.
Also, while I agree with the premise that it's better to increase the minimum wage could you explain why folks investing their bonuses in the stock market and therefore directing their capital towards productive companies is worse than consumers spending their money directly?
- ceejayoz 7y ago> It's not a choice between paying banker bonuses or giving minimum wage workers an increase. Sure it is. When the last round of tax cuts were configured, deliberate choices were made that affected different income brackets in different ways. The levers can be tweaked to direct the benefits to the poor, the wealthy, the middle class, etc. > could you explain why folks investing their bonuses in the stock market and therefore directing their capital towards productive companies is worse than consumers spending their money directly? I already did, with a linked source for further details.