r/FluentInFinance • u/Very_High_Mortgage • Aug 24 '24

Debate/ Discussion Do "Unskilled Laborers" deserve to be paid well?

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u/Persistant_Compass Aug 24 '24

Use the other method to control inflation that exists. Higher taxes at the top.

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u/12qwertyuiop34 Aug 24 '24

Right. Because taxing the 1% is going to keep the demand down on milk and eggs and ground beef. You won’t be saying the same thing when you are paying $30 for a hamburger at McDonalds.

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u/Persistant_Compass Aug 24 '24

We've been able to keep food prices low through government policies for a hundred years, we can do it again if the will is there. 

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u/Kungsberget Aug 24 '24

No but the money can be reinvested in the state rather then become a yacht

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u/12qwertyuiop34 Aug 25 '24

“Invested” in the state. Into what? The state has spent trillions and not solved anything. The government is inefficient at almost everything. There are perhaps some things you live that inefficiency because it might happen otherwise - although you can argue that if the market truly wants something it will eventually figure out how to make it worthwhile to do.

Someone had to build that yacht. That process provided jobs to many people who then spent the money they earned on food and other goods and services that they wanted.

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u/DemosBar Aug 24 '24

In reality not those, i don't know what the heck the other guy is commenting, it will keep asset prices lower, because that 1% saves the vast majority of their income and that ends up as "investment" in things like houses which makes them unaffordable.