Home » Uncategorized » Minimum Wage

Minimum Wage


The minimum wage is in the news today.  The debate as to whether or not it should be raised misses the point.  We should recognize it for what it is, which is a form of wealth redistribution.

The US government employs countless different methods of redistribution; e.g. minimum wage, Obamacare, food stamps, welfare, Social Security, Medicare, etc.  Rather than wasting millions of dollars administrating all of them and endlessly debating their pros and cons, we should instead reduce them all to one form of redistribution.  The form I recommend is a tax rebate to every household in the country from a consumption tax rather than an income tax.  This would have many additional benefits such as automatically balancing the budget.  The details of my proposal are described at https://philosophyandideas.wordpress.com/politics/budget-taxes-jobs/.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: