Something I've never understood is why companies are against this. Raising wages gives people more money to spend on their products, therefore increasing money coming in. It's basically an investment in the future. Sure there's the issue of inflation and money getting stuck at the top even more. I've had a solution for that by heavily taxing income over $500k a year, I've thought about 90% but that seems a bit much for 500k. Any thoughts on this?
Something I've never understood is why companies are against this. Raising wages gives people more money to spend on their products, therefore increasing money coming in. It's basically an investment in the future. Sure there's the issue of inflation and money getting stuck at the top even more. I've had a solution for that by heavily taxing income over $500k a year, I've thought about 90% but that seems a bit much for 500k. Any thoughts on this?