4 ms·

Rents do not eat up all income increases. Otherwise rents would be 90+% of incomes and all income increases (minimum wage increases, widespread pay rises, socia

Rents do not eat up all income increases. Otherwise rents would be 90+% of incomes and all income increases (minimum wage increases, widespread pay rises, social security payments, etc etc) would be pointless.

ethanbond 6y ago
Do we know that those things aren’t pointless (more specifically, temporary gains)? For many people, rent + other compulsory costs do exceed or exactly meet income. That’s precisely the problem.
- djrobstep 6y ago
  Yes. We know from eg the Nordic countries that bulk redistribution works.
  - ethanbond 6y ago
    You mean the ones with high LVT on natural resources like oil?
    - djrobstep 6y ago
      The Nordic countries do not fund their welfare states from resources, they fund it from general taxation.