PM lowering expectations on child poverty:
"But you'd appreciate that there's a limited amount of resources that we've got in very tight financial conditions,". Puny economy.
I didn't think!!! I experimented!!!
I didn't think!!! I experimented!!!
Better Than Raising the Minimum Wage...... Insanity! Buffet stylez.
I didn't think!!! I experimented!!!
He's not wrong in his economic history synopsis, but his solution is more complex than necessary.
What's required to fix that particular problem is a zero tax bracket, 0 - 50k should do it.
Go soothingly on the grease mud, as there lurks the skid demon
There's a few solutions in that area that just amount to trickle down economics. Raise min wage, money goes from employers (who have to make a profit) to employees; tax incentives or 0 tax bracket just goes from tax earners (like the employer) to those employees again. I think the advantage in not going the min wage route is it allows that lowest skill bracket to be paid what the job is worth, encouraging workers in that bracket to better apply themselves and move up the ladder. Min wagers seem to stagnate in jobs because they struggle to get out of the min wage bracket. 0 tax bracket is certainly simpler, but I think the opt-in nature of tax incentives might make it an easier sell to the politicans...
"A shark on whiskey is mighty risky, but a shark on beer is a beer engineer" - Tad Ghostal
I didn't think!!! I experimented!!!
I didn't think!!! I experimented!!!
I didn't think!!! I experimented!!!
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