I'm thinking about how this negative income tax coupled with no minimum wage would work.
So everyone gets subsidized by the government to make a minimum salary. At the same time corporations can pay as low as they want. What will happen is the corporations will pay $1 an hour and the government will pick up the rest of the tab.
This smells like corporate welfare.
So everyone gets subsidized by the government to make a minimum salary. At the same time corporations can pay as low as they want. What will happen is the corporations will pay $1 an hour and the government will pick up the rest of the tab.
This smells like corporate welfare.