Inflation is the one reason I have a tiiiiiiiny corner of my mind saying “they might have a point”. Pegging laws to a dollar amount that makes sense today doesn’t mean that dollar amount will continue to make sense in the future.
Tie it to some multiple of the poverty line or median cost of living, then we’re getting somewhere.
Inflation is the one reason I have a tiiiiiiiny corner of my mind saying “they might have a point”. Pegging laws to a dollar amount that makes sense today doesn’t mean that dollar amount will continue to make sense in the future.
Tie it to some multiple of the poverty line or median cost of living, then we’re getting somewhere.
Oh yeah of course it needs to be tied to some relative measurement like median COL like you said.