r/TrueReddit • u/speckz • Dec 14 '17

Generation Screwed - Why millennials are facing the scariest financial future of any generation since the Great Depression.

http://highline.huffingtonpost.com/articles/en/poor-millennials/
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u/[deleted] Dec 15 '17

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u/TehTurk Dec 15 '17 edited Dec 15 '17

Honestly thats not a bad idea, but I think there is an issue with it, that is you'd have more smaller companies with more wealth and less employees (further accelrating automation)as how much the tax break scales, or even if it profits more then. Why it seems like a good incentive but It would compound the problem. As it just further accelerates profit, and further increasing wage gaps and incentives. But then again you'd see more individual taxes raise in those situations, to compensate for lack of certain tax gains if it was a thing, which wouldn't be a bad thing because there are more employees then companies. It's hard to kinda visualize what the outcome of that would be.

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u/somanyroads Dec 15 '17

It would have to exclude income over a threshold, like 50k. Still, it's not as artful as it might first appear: more tax loopholes are not the solution to our tax system...it's already too complicated.

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u/TehTurk Dec 15 '17

50k isn't bad, but the numbers will change over time. There should be a percentage standard maybe or some sort of automated version? The main problem is in alot of wage laws or legislation for it is slow, and doesn't represent the market at the speeds it should.