Leah Rowe is not a Rowebot on Nostr: I had a debate with a socialist, and he told me: British wages should be increased by ...

I had a debate with a socialist, and he told me: British wages should be increased by "decreasing corporate profits".

When I asked for clarification, I was eventually told:

* Caps on CEO bonus/wages

* Increasing the minimum wage

* Limits on prices for various key goods and services

He did not understand that this would merely lower the corporation tax revenues, and stifle investment, leading to higher unemployment.

Competition and productivity improvements are better.