Bill Gate's Solution to Income Inequality

[Heywood]

If your poorest wage earners earn less than it costs to feed, clothe and house themselves then no tax break is going to help. The Walton family that own Walmart earn too much to spend, whilst their workers are striking for minimum wage. The middle and upper classes are subsidising the Walton family by paying Walmart workers benefits so that they can live.

It is just as valid to say that the Walton's are subsidizing the government.....who then subsidize the poor. The taxes paid by the Walton's go toward the benefit the workers they employ. Some think the Walton's are getting a break at the expense of the tax payer....but they forget that the Walton's are also tax payers.

Its not that I am unsympathetic to the plight of the poor. I have come to the realization that no matter what we do, there will always be people who can't or are simply unwilling to support themselves to a standard we deem reasonable for a human being. We can and should help these people and helping these people requires a transfer of wealth from the richer of society to the poorer of society. The one advantage of doing that transfer via a government programs is that it doesn't monkey with the labor markets like a minimum wage does. In my opinion a rag bag of government programs is better than a minimum wage....but what is even better than a rag bag of government programs....is a universal basic income.