Quote:
Originally Posted by wdfifteen
Interesting idea. Limit expensible labor to salaries of less than $100 or $150k. But instead of putting more money in the consumer's hands, it puts more in the government's hands. How is that better? A major benefit of a higher minimum wage is that it increases consumer demand and the circulation of money.
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I am all for higher consumer savings. I think a hiring tax credit for businesses might do it, but probably an investment credit would be better, for tangible assets. Put money into the hands of small businesses and they will spend it. Put money into the hands of the wealthy, and they will save it away. Force business to spend, and prices will go up in a nanosecond, draining the pockets of the working class.