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I love creative policy ideas like this. It's an fascinating attempt to engineer a carrot and stick motivate the rich to help make all Americans better off. I'
by chwahoo 15y ago
I love creative policy ideas like this. It's an fascinating attempt to engineer a carrot and stick motivate the rich to help make all Americans better off. I'm not necessarily saying that I like to see highly engineered policies put into practice (and there's an argument to be made that people shouldn't be forced to have their livelihoods engineered), but it's fun to think about them.
The question I have is: Under this tax policy, what could/would the 1% actually do to ensure that the income of the 99% would grow at the same rate? Would the economically rational thing be to ignore the law? (perhaps hoping others would take action) Would they insist that more tax dollars go to education? (or is that too forward thinking?) Would lots of workers find themselves with immediate raises? Would the market hone in on previously unknown ways to make workers valuable? Would the 1% only attempt to help the top 10% or 25%, or would it be more fruitful to help the bottom X%?
- jholman 15y agoIt would be counter-productive for the 1% to help the top 10% or 25%. They would be incented to focus on the middle quintile. This, it seems to me, is evidence that "median" is not the function of centrality that would be best.