Hundreds of thousands could lose their jobs if wages continue to be raised by the government. Would cutting taxes be a more effective means to ensure people can have more money to spend? Or maybe a universal basic income with certain conditions?
No, tax cuts wouldn’t necessarily be a better option, unless the tax cuts were coupled with spending reductions. As we’re seeing under Trump, tax cuts do in fact stimulate the economy, causing economic growth, job creation and wage increases, but this is offset by higher deficits and rising national debt if there are no corresponding cuts to […]