Elect Hillary Clinton 44 or Barack Obama 44, and this is what you'll get, from the likes of Robert Reich, who labored for Bill Clinton 42:
The only way to keep the economy going over the long run is to increase the wages of the bottom two-thirds of Americans. The answer is not to protect jobs through trade protection. That would only drive up the prices of everything purchased from abroad. Most routine jobs are being automated anyway.
A larger earned-income tax credit, financed by a higher marginal income tax on top earners, is required. The tax credit functions like a reverse income tax. Enlarging it would mean giving workers at the bottom a bigger wage supplement, as well as phasing it out at a higher wage.
A "reverse income tax" indeed. At least he's honest about it. This is Robin Hood economics, just naked redistributionism.
