Actually, yes. Like a helicopter drop, a minimum wage increase shifts money from those who would save it to those who have the greatest incentive to spend it q

Actually, yes. Like a helicopter drop, a minimum wage increase shifts money from those who would save it to those who have the greatest incentive to spend it quickly. As noted in the earlier comments, what I was missing was that a helicopter drop is done by printing money, rather than shifting it from others. An EITX is closer to a helicopter drop, and I'm starting to see part of why it's a better idea.