Francisco Flores @fflorescpa
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@paulallchorne @jbhearn Everyone pays a little more. I'm talking about 1/24% more income tax paid monthly. Rich also get hit with a small wealth tax. Working people will love that. The rich tax will only affect their great great grand kids.
@paulallchorne @jbhearn Nobody is forced to do anything. If you want a check you have to work (unless disabled). There are many many things to do. Folks can be funneled to what they are best suited for and whats needed.
@paulallchorne @jbhearn 2/ With a Job Gty, reasonable JG wage, inflation under control and credible equitable tool to fight it - trade unions lose their utility and appeal.
@paulallchorne @jbhearn 1/ When govt pursues policies creating vast income/wealth inequality, high risk of unemployment and food/income insecurity, thats what strengthens trade unions.
@paulallchorne @jbhearn Have to start with policy wonks, then street activists, then politicians.We're not there yet.The primary barriers are to many people thinking we have to worry about sovereign debt,when in fact its not a problem in any way shape or form.BTW what attitudes trying to change?
@paulallchorne @jbhearn More tax will only kick in if inflation rises above a certain level for say 3 months in a row. And it will hit the rich the hardest. Inflation cooled off quickly. Both the JG and the ATMT are the ultimate automatic stabilizers.
@paulallchorne @jbhearn 2/ No Handouts. In fact you can call the legislation the "Get the Lazy Asses to work Act" to get the right wing on board.
@paulallchorne @jbhearn 1/ Its a policy that will work. Inflation - essentially nonexistent. Unemployment - nightmare relived in the history books. Private sector - can do its thing. But probably have to pay workers above the JG minimum. Workers want - reliable well paid work.
@jbhearn @PeterMcCormack How did banks "increase their reserves"?
@paulallchorne @jbhearn The necessity and support for trade unions would dwindle in an economy where there is a Job Gty and an ATMT. Trade unions are about THEIR wages. Not about a general institution to lif working class wages. With a Job Gty, support for unions would dwindle.
@paulallchorne @jbhearn 2/ will cool things off quickly, so prices won't necessarily be passed on. Moreover, the taxes can also be imposed on high income and wealth folks, reducing the money supply, cooling off inflation.
@paulallchorne @jbhearn 1/ Depends on what's causing price inflation. If its say a global oil price pop, without a job Gty you get either debilitating inflation or a recession. With JG/ATMT, the JG wage can be increased by law putting upward pressure on all wages - offsetting inflation, and taxes
@paulallchorne @jbhearn Yes. But a Job Gty changes life. It eliminates a source of anxiety and risk from working people. JG is not a substitute for a better paying, upwardly mobile private sector job but it can be an excellent safety net for many. So ATMT comes with a JG as a package deal.
@paulallchorne @jbhearn probably. they will know that inflation stays down. And when unemployment is at 0%, wages would be able to rise.
@paulallchorne @jbhearn I don't remember Thacher supporting a govt funded Job Gty. Did I miss it?
@paulallchorne @jbhearn Trade unions would exist but in an economy with a Job Gty at a livable wage, not much necesary.
@paulallchorne @jbhearn If jobs are guaranteed come hell or high water at a living wage< i think there would be much more support.
@paulallchorne @jbhearn Yes. But in an economy with a Job Gty and tools for low inflation and fully funded health care with no wait times, things would be a bit different.
@paulallchorne @jbhearn Yea. That's what inflation needs. Strikes in response to inflation.
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