It's already been shown in Seattle that raising minimum wage does not raise prices.
Therefore paying these workers more should not raise prices. It might make them rise to middle class though :)
Therefore paying these workers more should not raise prices. It might make them rise to middle class though :)
[0] https://www.bloomberg.com/view/articles/2017-06-26/seattle-s...
The current progressive income tax system paired with a higher income tax credit - instead of a counter productive higher minimum wage - is a vastly superior approach that has already been proven to work very well.
BI is a fantasy at best. At worst, it'll wreck any economy that attempts it - which is also why none has or will. There's no scenario under which BI works out financially.
I'd also like to see actual evidence that BI cant work out financially. You get X tax dollars out of your economy, you Pay out X/population to each person. How does that not work out?
Subtracting two lines is hyper inefficient?