the effect would be the same if the cut tax on lower income and hence lower income earners take more pay home.
but they choose to increase the minimum wage for the small businesses to pay, it will make businesses more burdensome and even can't afford to employ... haha.
It is Back to socialist way of running the country, punish businesses and talk big on " social justice" and label capitalism as "blatant failure where we have thousand of poor children to feed"
haha.... she scored 100% for her job interview for hitting the right words...but reality is "where is the money, where do you get the money?" She really reminded me of someone in my workplace... hahah 作者: 呼啸寒风 时间: 2017-10-25 11:50:38
bungyjumping999 发表于 2017-10-25 11:42
the effect would be the same if the cut tax on lower income and hence lower income earners take more ...
Do not quite agree with you.
Cutting tax on low income earners will no doubt cause an increase in their net income but this will decrease the government's tax income. Increasing the minimum wage will increase the low income earners' income as well as the government's tax income. Businesses will suffer because they will have higher labour expenses although at the same time they pay lower tax from reduced profits.作者: 匿名 时间: 2017-10-25 13:28:22