Earlier quoted context omitted.
I know this is unrelated to the post but I am genuinely/respectfully curious (since you left it as a bullet) as to the chain of logic that makes it okay to tax higher income people more. I've never understood that. Full disclosure: if it were up to me, we would go with either a flat tax or something more sensible that an economist has proposed (i.e. Friedman's negative income tax). But that would, of course, largely…
Higher tax rates impact the quality of life of higher income earners less than lower income earners. An extreme case would be that someone who earned a billion dollars and paid a 99.9% tax on it would still be much better off than someone who earned 16K and paid a negative 1% rate.
A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
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Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#232Earlier quoted context omitted.
Higher tax rates impact the quality of life of higher income earners less than lower income earners. An extreme case would be that someone who earned a billion dollars and paid a 99.9% tax on it would still be much better off than someone who earned 16K and paid a negative 1% rate.
That's a true statement, but there's no logic here or reasoning as to why that makes it okay.
The starting premise is that taxes should be judged based on how they impact your quality of life, not on how much quantity of money they take.
Logically then, progressive taxes are better.
Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#233Earlier quoted context omitted.
And my point is that, it is fine to want to help people, but doing something that clearly hurts them is not the right way to do that. Maybe those better solutions have the same dynamics. Economics is all about trade-offs; many of them are hard to evaluate and some of them are not worth making. Minimum Wage increases to $15/hour seem more and more to be not worth making.
I think whether this hurts people, at least in the long run, depends, though. Taking a job which provides no on-the-job training, and takes no skill keeps someone where they are. Because they aren't learning anything they are stuck doing jobs at this level forever. If a person is prodded into learning a skill in order to reach the bottom($15/hour) rung, and then at the $15/hour level, the person is doing skilled work…
2. The assumption that minimum wage jobs are dead-end by default is decidedly not true. Even the most menial minimum wage job provides people with employment history, which is very important for the poorest people in society to establish in order to get other jobs.
3. The logic here assumes that everyone who is displaced by the high minimum wage is capable of becoming a higher skill worker as long as their current employment opportunities are taken away from them. This is may be true for teenagers who are still in school. This is very much not true for all sorts of other minimum wage workers. Such as:
* Old people who are working to get a little extra money during their retirement.
* Single mothers, who often choose to take lower-paid work because many jobs have more flexible scheduling.
* People who have already been displaced from another high-skill job mid-career and have no where else to go to make ends meet (e.g. factory workers).
* People with disabilities that prevent them from pursuing high skill work.
4. The logic here also assumes that, even if someone does improve their skills, that there are enough high skill jobs that exist to employ all of these people. Higher skilled workers tend to be more productive than lower skilled workers, which in turn often means there are fewer high skilled jobs available than lower skilled jobs.
5. The problem with a large social safety net is that it acts as an alternative to working. You might find that trade-off to be acceptable, but you need to be aware that the likely choice many people will make isn't going to be to go to their local lending library to learn Javascript; it's going to be to stay home and not work. It's not because they're lazy or whatever people say; it's because the structure of the benefits incentivizes not-working over working for $X/hour or $Y/year. The values for X and Y go up when the safety net becomes more generous.
Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#234Earlier quoted context omitted.
That's a true statement, but there's no logic here or reasoning as to why that makes it okay.
Oh, you want me to explicitly state it? The starting premise is that taxes should be judged based on how they impact your quality of life, not on how much quantity of money they take. Logically then, progressive taxes are better.
Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#235Earlier quoted context omitted.
Oh, you want me to explicitly state it? The starting premise is that taxes should be judged based on how they impact your quality of life, not on how much quantity of money they take. Logically then, progressive taxes are better.
But that just shifts the question on to the starting premise. What is the chain of logic that leads you to conclude that it's correct to tax people based on how the taxes impact the quality of their life?
This is a widely debated topic that usually devolves into an argument about whether property is some sort of natural right or if it is a societal construct. Even on the natural rights side of the argument you will find adherents that believe any taxation is a violation of their natural rights.
I'm pretty uninterested in traveling the paths of Hobbes and Kant on an internet forum, so suffice it to say that its pretty clear to most people that there is a societal benefit to taxes and a societal desire to make those "fair". Arguing over what is more fair is unlikely to be resolved by logical proof but a lot of people think quality of life impact is the fair option.