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The earned income tax credit targets poverty better than a minimum wage,. States Ben Gitis, a policy analyst at the American Action Forum. A low-income, working family receives a charge based on a fixed percentage of earnings. As earnings increase, the credit increases, reaching a maximum value that is dependent upon the number of children in the family. If a household's tax liability is smaller compared to their EITC, the household receives the full value of the EITC. The EITC developed in......Read More
In 1928 the cost of one postage was one cent, the labor for a vehicle tune-up was one dollar, along with labor cost to overhaul the engine and transmission was about $25. These facts strengthen the case for the dollar debasement that Austrian School economists have been creating for decades. Currency debasement is a consequence of monetary inflation. The Universal Law of Cause and Effect countries which each and every Effect has a Cause, also that each and every Cause or Action has a Effect. As......Read More
"Raising minimum wage risky," the Lexington Herald-Leader tersely warned. "Raising minimum wage strikes low-skill workers," the Detroit News bluntly announced. "Even left-leaning economists say it is a gamble," Vox solemnly cautioned. We've been raising the minimum wage for 78 decades, and as a fresh study clearly reveals, 78 decades of minimum-wage lifts have generated zero evidence of the "Job-killing" consequences these headline writers want us to fear. In a first-of-its-kind report,......Read More
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