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the fact that local businesses have fallen by the wayside in favor of franchisees must be a major contributor. money that would stay in the community is instead

• candiodari 4y ago
  If you look at the feedback loop, you're right of course that profit needs to go in there too. However, profit is there in 2 locations, tax is everywhere. For every tax dollar given up to fix the situation, the private sector would need to give up 6-10 dollars in profit. Plus, I don't think either childcare or cafes are making amounts of profit that would be transformative for employees, if divided fairly. Tax reduction however, doesn't need to be much to be transformative. Add to that the government, the people who need to fix this, don't control profit, or spending. They only control tax. So yes, when we have economic downturns, the conventional wisdom is there for a reason. When the government is in trouble, it needs to give up tax income, and lower taxes, while increasing spending. When the government is doing well, it needs to increase tax. The reverse of everybody else. No politician seems to have the discipline to actually do this, but that's still the intention.