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trosi | 1 year ago

A simpler solution to #2 would be to raise minimum wages.

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0cf8612b2e1e|1 year ago

Health care seems like the bigger root problem. It limits job mobility because people get tied to their employer’s coverage.

throwadobe|1 year ago

Cue inflation.

A better solution is to tax capital gains and corporate income at a rate that is closer to personal income taxes so that everyone pays their fair share.

trosi|1 year ago

Adjust the wages by inflation every year, it's pretty simple.

I'm not against higher corporate tax rates, but that's a separate problem.

wegfawefgawefg|1 year ago

I think the US has enough tax money it just needs to use it more efficiently. If you look at the government revenue per capita of the US it isn't that far off from Germany or Japan. Construction in Japan certainly has a higher price floor than in the US so there is no excuse there, and the various government offices in Japan operate quickly and efficiently despite offering much lower pay and worse hours, in a much stricter work environment.

Basically, I think its a culture problem. You could give the US 10 trillion a year in Taxes rather than 3 but the dmv is still going to have a line, take 3 hours to get through and have a rude morbidly obese woman behind the counter.

ilc|1 year ago

That's ok, they'll just find another tax carve out.

VAT is the real answer. If people had to pay consumption taxes, the issue would go away. You have to spend the money somewhere.

boston_clone|1 year ago

People cannot live on $7.25 an hour in the US, and the government has a responsibility to promote the general welfare. Inflation skyrocketed in the past 5 years; minimum wage has not changed for 15 years. So, no correlation there.

The corporate tax rate should be increased, as well as taxes on high-earners, as well as the minimum wage. Capital gains taxes for individuals with 1M+ of assets may be considered, but is unprecedented in US tax history, no?

bearjaws|1 year ago

> Doesn't raise minimum wage

> Still have massive inflation

jojobas|1 year ago

In theory yes, in a global economy you're just dooming further sectors of the economy to painful death in competition with developing countries.

Sayrus|1 year ago

I read that as "We should allow paying developing country salaries in a developed country to allow competition".

jondwillis|1 year ago

I guess? Corporations now throw hissy-fits in response to this and pass on the costs as loudly as possible to the consumer-voters.

readthenotes1|1 year ago

How's that working for California food workers, or delivery drivers on Seattle?