Los dos would be pretty sweet - my only concern is that this might make small savings (less than 200k) essentially worthless and widen the inequality gap.
If this was implemented with a graduated wealth tax it’d be amazing but most of the good would be from that wealth tax.
The thing to be cautious about with minimum wage increases is that outstanding debts and credits are minimized due to some inherent inflation - that’s great for lower income families in debt but bad for people with modest savings (people with excessive wealth will usually ride the stock market and avoid feeling any inflation)… an increase that steep would put everyone but the super rich in the same position and further the wealth gap unless other actions were taken.
Los dos would be pretty sweet - my only concern is that this might make small savings (less than 200k) essentially worthless and widen the inequality gap.
If this was implemented with a graduated wealth tax it’d be amazing but most of the good would be from that wealth tax.
The thing to be cautious about with minimum wage increases is that outstanding debts and credits are minimized due to some inherent inflation - that’s great for lower income families in debt but bad for people with modest savings (people with excessive wealth will usually ride the stock market and avoid feeling any inflation)… an increase that steep would put everyone but the super rich in the same position and further the wealth gap unless other actions were taken.