General Discussion
In reply to the discussion: What is the ultimate solution to income inequality in the US? [View all]Prophet 451
(9,796 posts)1) Reformation of tax policies, shifting the tax burden onto the rich complete with higher rates of taxation on larger incomes (as a personal rule, I think it should top out at 50%).
2) Expansion of Earned Income Tax Credit, Medicare and Medicaid.
3) A guaranteed minimum income and/or higher minimum wage. We can quibble about the exact numbers some other time. My point is that a single full-time job should provide enough to lift a family of three above the poverty level and, if not, the state should supplement wages.
4) The state becomes the employer of last resort. An extension of the above. When the individual is unable to find work, the state directly employs them. The US has people out of work, it also has a crumbling infrastructure. Hire the one to fix the other.
5) Free tuition at a college or tradeschool. Ideally, there would also be some kind of arrangement to support those doing internships or apprenticeships in professions where that's the normal method of entry.