Hacker News new | ask | show | jobs
by hurryskurry 2631 days ago
Seems like it would harm job growth, because labor costs would increase for low wage jobs.

Also what about income from investment?

1 comments

It's an open question whether anything would change between a company giving you $12/hr and a company giving you $8/hr and the government giving you (the equivalent of) $4/hr as a monthly lump sum.

Income from non-salary sources aren't generally covered by flat tax proposals because they're so complex and the existing tax system would still exist to deal with them. However, for the vast majority of citizens, salary is their only source of income and their experience with the government becomes "how much can I convince the government to give to me" rather than "how do I try to avoid the government from taking from me".