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It would still make these things more affordable. And, save perhaps childcare, increasing the cost of low waged labor would not have an outsized inflationary ef
by pytester 7y ago
It would still make these things more affordable. And, save perhaps childcare, increasing the cost of low waged labor would not have an outsized inflationary effect on them.
Certainly not on housing. The cost of housing/rent is predicated on a shortage of hoarded, largely untaxed land.
- dfilppi 7y agoUntaxed? Where? Got the car gassed up.
- pytester 7y agoUntaxed as a verb. E.g. California reducing property taxes to absurdly low levels with prop 13, diverting the spoils of the land to the owners instead (in the form of ridiculously high valuations and streams of rental income).
- Agathos 7y agoIf it's a DeLorean, just head back to 1978 when Proposition 13 passed in California.
- Ozzie_osman 7y agoWouldn't be the opposite? Supply-constrained, limited housing. Everyone is suddenly twice as rich competing for the same fixed number of units. Price has to go up.
- tyrust 7y ago>Everyone is suddenly twice as rich Not everyone makes makes minimum wage.