Couldn't that be continuously offset by increasing/decreasing taxes at the top? ... | Hacker News

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		cosmojg on Aug 20, 2020 \| parent \| context \| favorite \| on: What harm do minimum wages do? Couldn't that be continuously offset by increasing/decreasing taxes at the top? I imagine a self-regulating system might be difficult, but not impossible.

bravo22 on Aug 20, 2020 [–]

You would actually have a flat tax across the system ideally. Eliminates unproductive capital deployment to reduce tax burden.

You take X% off the top of the economy and distribute it to everyone who needs it on a sliding scale basically below a certain income level Y.

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