Quote:
Originally Posted by C-One
I've been lurking this forum for many years but never been compelled to post until now.
I hope anyone calling for government action to restrict or tax foreign ownership aren't the same ones complaining about the absurdity of raising the min wage rates to $15/hr post a few posts back. Because in the end it's the exact same thing. Government intervention and wealth transfer from one group to another and not letting the free market work as it should.
So hopefully everyone calling for this tax to foreign owners is also calling for a raise of minimum wage to $15.
Or else it would be quite hypocritical to demand one type of government intervention and be upset at another.
|
woah. applying first year econ too literally here eh
The point of the foreign-ownership tax is to make foreigners bear the deadweight loss created by government intervention while domestic citizens benefit from affordable prices.
Minimum wage is a different matter because hyper-inflating the cost to employers would do more harm to all of domestic consumers including the min-wagers in the long run.