▲ | AvAn12 a day ago | ||||||||||||||||||||||
you sure about that? Lots of progressive policies stimulate job growth e.g. infrastructure act, CHIPS act, Obamacare, support for public transit, etc. are all make it easier and less risky to hire people. I do agree with you about the disadvantages of the mad king routine, which injects uncertainty, risk, and chaos... | |||||||||||||||||||||||
▲ | nickff a day ago | parent | next [-] | ||||||||||||||||||||||
Big-spending subsidies like CHIPS definitely stimulate growth in the targeted industry, with film being a classic example of how impactful the subsidies can be. The issue is that the subsidies are paid for by taxes on everything else. Realistically, the regulatory burdens on small & medium businesses are probably a bigger deterrent to long-term growth than high business tax rates though (and progressive policies have been responsible for much of the regulatory burden). | |||||||||||||||||||||||
▲ | baggy_trough a day ago | parent | prev [-] | ||||||||||||||||||||||
Yes, I am sure. Progressive policies such as raising the minimum wage, mandating benefits such as paid leave, and making it easier for workers to sue for various infractions, some of an extremely technical nature, has the effect of making it more expensive and legally risky to hire workers. There's an enormous laundry list of such policies and progressives never seem to get tired of inventing new ones. The result will be that less workers are hired than otherwise. | |||||||||||||||||||||||
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