logoalt Hacker News

kortilla04/03/20252 repliesview on HN

No, tax increases will not create better jobs to backfill the ones moved overseas by globalization.


Replies

cloverich04/03/2025

The tax increase wouldnt be used to create better jobs, they would be used bolster social welfare and reduce the national debt, at the expense of wealth generation in the upper class.

The primary benefit of the approach is that the pre-tarrif economy is strong, health care, high prices, and very high SFH prices are the primary ways people are hurting. Modest taxes as noted above address 2/3 without upending the economy in the process.

Prices wont come down, but unlike the tarrif plan they also wont go up so... seems like a better option at least to my relatively uninformed brain.

show 1 reply
alpha_squared04/03/2025

What better jobs do you anticipate will be created?

show 1 reply