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by randbox
1480 days ago
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The annoying part is that there are many changes which federal & state governments can make to the financial system to ensure wage growth better tracks inflation without sacrificing growth. Such as capping federally backed mortgages at 150% of the labor replacement cost of material fixtures whenever that's lower than the comparable sales price. Or replacing federal payroll and income taxes on earnings under $100,000 with a national excess property tax on property comparable sales values minus 50% of fixture labor replacement costs. Or provide local public banks which appraise excess property values separately from labor replacement costs and spending publicly collected interest payments back into circulation on public works. |
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