Comment on Minimum Wage Must Cover Basics
Felis_Catus_Domesticus@lemmy.world 5 days ago
more easily accomplished via income tax credits…
but the tax code is damn hard to touch because the chant “NO NEW TAXES” rolls so easily off the tongues of politicians and voters.
tax credits are not the ONLY way, but they are easier (since they already exist in the tax code, only the AMOUNT of the credit needs to be adjusted…) No political campaining or ballot proposal process needed… and those are often the 2 toughest hurdles to get over.
Example: simply make the individual exemption $100,000.00 for anyone making less than $55,000.00 per year.
At some point you just gotta start writing poor people checks. there’s no away around it. redistribution.