Another non-obvious change would be the elimination of minimum wage, which would... | Hacker News

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neona on May 10, 2014 | parent | context | favorite | on: What is an appropriate level of Basic Income?

Another non-obvious change would be the elimination of minimum wage, which would improve corporate profits, which should (theoretically, at least) increase the taxes they pay.

gte910h on May 10, 2014 [–]

Corporations are notoriously poor vehicles to tax: They do hoops to make tiny amounts of extra money

That said, without massive tax revenue increases (on the order of 2x), minimum wage would still be necessary

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