I get what you are saying, but I disagree to some extent, at least from my NL point of view
Almost all small/local restaurants would have gone bankrupt during Covid if the government hasn’t stepped in.
A lot of theatres would go bankrupt if government subsidies would stop.
And there are more companies that are subsidized by the government to help them keep afloat, either temporary or structural like in the theatre example.
Personally, I believe we should stride for a minimum income, not a minimum wage. Because the minimum wage does nothing for you if you wan’t work (anymore). Currently in a NL (and other countries) you get a fixed percentage of your last wage if you get sick for longer than x years. I know people who live under the minimum income because of this and can never get anywhere in life because they get 70% from only working 3 hours a week before they got to be confirmed sick. A minimum wage increase does nothing a minimum (or universal basic income) does work.
Almost all small local shops and restaurants did go bankrupt during Covid. The bailouts went disproportionately to the oligarchy. Some small businesses benefitted, but it would have been far more effective to bail out individuals.
But I agree that a negative tax or UBI would be great, too, as long as it was tied to the cost of living and paid for by business taxes. It would effectively subsidize every business, creating a minimum wage paid to every person regardless of whether they work or not.
Not here in NL, most of the either went bankrupt after covid due to them needing to pay back the government loans or continued on. The government here did that to save a lot of people from losing their job. Bailing out individuals wouldn’t have worked, the entire situation was already rushed. It would have causes even more issues.
The only issue with UBI is that there is a portion that will just refuse to work, we do not know how big thay portion is. We need to destroy the massive corporations and maybe work on a better way of promiting companies to do the right thing
I get what you are saying, but I disagree to some extent, at least from my NL point of view
Almost all small/local restaurants would have gone bankrupt during Covid if the government hasn’t stepped in. A lot of theatres would go bankrupt if government subsidies would stop. And there are more companies that are subsidized by the government to help them keep afloat, either temporary or structural like in the theatre example.
Personally, I believe we should stride for a minimum income, not a minimum wage. Because the minimum wage does nothing for you if you wan’t work (anymore). Currently in a NL (and other countries) you get a fixed percentage of your last wage if you get sick for longer than x years. I know people who live under the minimum income because of this and can never get anywhere in life because they get 70% from only working 3 hours a week before they got to be confirmed sick. A minimum wage increase does nothing a minimum (or universal basic income) does work.
Almost all small local shops and restaurants did go bankrupt during Covid. The bailouts went disproportionately to the oligarchy. Some small businesses benefitted, but it would have been far more effective to bail out individuals.
But I agree that a negative tax or UBI would be great, too, as long as it was tied to the cost of living and paid for by business taxes. It would effectively subsidize every business, creating a minimum wage paid to every person regardless of whether they work or not.
Not here in NL, most of the either went bankrupt after covid due to them needing to pay back the government loans or continued on. The government here did that to save a lot of people from losing their job. Bailing out individuals wouldn’t have worked, the entire situation was already rushed. It would have causes even more issues.
The only issue with UBI is that there is a portion that will just refuse to work, we do not know how big thay portion is. We need to destroy the massive corporations and maybe work on a better way of promiting companies to do the right thing