4 ms·
They cannot. At this point, it probably cannot be reversed or even held where it is, without jacking up taxes and spending a great deal on transfers of various
by retrac 6y ago
They cannot. At this point, it probably cannot be reversed or even held where it is, without jacking up taxes and spending a great deal on transfers of various kinds. (Reducing the cost of healthcare and education for the poor to both improve their lot and for long-term benefits from a healthier and more educated workforce, or funding long-term infrastructure construction projects, ideally with well-paid working class jobs, etc.)
Up here in Canada we chose to pretty much just throw money at the working and middle class, especially with children, through the creation and then expansion of refundable low-income tax credits and a refundable credit for those with children.
Now comes to almost $1500 per household average if I recall, and that has barely held the line on the natural rapid trend towards wealth inequality after the 2008 crash. And even then, still not equally or very well. It has probably not sucked to be in the bottom 10% of poor people in Canada this much, since before the war. The price of housing and food being most of that.