News for hackers. Stuff that matters.

A comment on What harm do minimum wages do?. Parent comment

Re:What harm do minimum wages do? by cosmojg on Wednesday August 19, 2020 @09:55PM (#24219087)
Couldn't that be continuously offset by increasing/decreasing taxes at the top? I imagine a self-regulating system might be difficult, but not impossible.
[ Parent | on HN ]
Re:What harm do minimum wages do? by bravo22 on Wednesday August 19, 2020 @11:10PM (#24219487)
You would actually have a flat tax across the system ideally. Eliminates unproductive capital deployment to reduce tax burden.

You take X% off the top of the economy and distribute it to everyone who needs it on a sliding scale basically below a certain income level Y.

[ Parent | on HN ]