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Yeah let’s get rid of minimum wage while we’re at it.
by Ecstatify 3y ago
Yeah let’s get rid of minimum wage while we’re at it.
- s1artibartfast 3y ago100% would agree.
- Andrex 3y ago[flagged]
- mcmoor 3y agoThe solution for that is UBI not minimum wage
- s1artibartfast 3y agono, I just think that minimum wage is the worst possible way to address the issue, from an economic perspective. It would be far better to pay people what their work is actually worth, and then give them charity through the government, supported by taxes, if need be. Same goes for healthcare, which should absolutely not be a mandated part of employment. Pay people what they are worth, and let them buy healthcare. If we want to subsidize or provide charitable healthcare, then we can do so too.
- Ecstatify 3y agoWhy should the taxpayer foot the bill for a business unable to pay their employees a living wage.
- s1artibartfast 3y agoif the work isnt worth a living wage, the difference is charity. Nobody is owed more than their work is worth. If we want to have charity to make lives easier, that's fine. There are lost of good reasons to avoid angry and starving people in the street. They can be paid by taxes. You could even tax businesses to pay for it. Pretending it isn't charity is what I object to, and the economic problems it creates.
- madrox 3y agoMinimum wage does solve a certain kind of unskilled worker exploitation. I don't think passion tends to be at play for minimum wage jobs. This is a different kind of exploitation that's more difficult to regulate.
- swells34 3y agoI'd much rather implement a maximum wage, would do a huge amount of good for our society. Let's say a cap on any more than $10M a year for total wealth gain for any individual. Everything else is taxed at 100%. Suddenly, we could all have healthcare, kids would get the supplies they need for school, a UBI scheme would be doable. Basically, we could finally stop acting like a poor third world country.
- jazzyjackson 3y agoThis is literally how the freemasons started as a secret society btw. After the black plague there were salary caps on skilled labor but the masons decided to hell with that and colluded to demand higher wages under the table if you wanted a cathedral or a city hall built they held all the leverage
- j7ake 3y agoPlease explain why taxing people beyond $10M at 100% will result in better social programs? Your theory can also be countered with another theory: people making a certain amount of money will simply leave the country, leaving you with less tax revenue than the current system. Also, how does one tax unrealized stock market gains (which is what most wealthy people's wealth are)? I have not seen that policy anywhere and I imagine it would be very difficult to implement.
- tomcam 3y agoIs it your thought that a 100% tax rate would increase the productivity of those being taxed at that rate? Or even leave it unchanged?
- lacrimacida 3y agoNot exactly 100% but high enough to keep greed in check after a certain cap
- lotsofpulp 3y agoWhy tax income? Wealth should be taxed. The problem is hoarding, not doing valuable work. For example, owning land that is empty or an empty building for years just so it appreciates deprives the community. Tax the shit out of it so it forces the owner to use it productively or sell it so someone else can figure out how to use it productively.