3 ms·
Its not a complicated one, it's an ideological one. I do not believe in the use of coercion to set wages. It just happens to also tend to be the best course of
by conanbatt 7y ago
Its not a complicated one, it's an ideological one. I do not believe in the use of coercion to set wages. It just happens to also tend to be the best course of action in pure econ terms.
> Additionally, the Government isn't deciding what 'Your' salary is. They are setting a floor for the labor market. Without a floor for wages the economy would devolve into feudalism. Employers are a cartel and they would use size to suppress wages at the benefit of shareholder profits.
If you want to do X and someone tells you you cant, they are telling you what to do. But if gov is so concerned about those in the lower end of the tax bracket, why do they tax them at 20%?