It’s Not Really a Taxingly Difficult Subject

See on Scoop.itEmployment law in a mad world

Among the most economically naive calculations that people (including government officials) make is to estimate the growth in tax revenues based on the assumption that nothing changes beyond a hike in the tax.

Annabel Kaye‘s insight:

Does increasing the minimum wage reduce poverty or increase unemployment?  Discuss…

 

Over the years we have seen a lot of small businesses lose jobs when wages rise (and they never come back again).  Should we be helping those businesses to be more profitable or keeping wages low?

 

If we all earn less we all spend less – so the overall cycle of the economy is affected.

 

What’s your view?

See on cafehayek.com

Leave a comment

Filed under Uncategorized

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s