I'm proposing replacing minimum wage w/ something like UBI (my preference is a Negative Income Tax for more of a direct replacement). That way that $100 isn't being added to peoples' means, but instead it's replacing wages
So it will just accomplish nothing, as people will work the same (more if we follow current trends) for $9.00 and hour instead of $12.00, but will have an extra $3.00 from taxes on the middle class (the rich will avoid taxes always).
This is certainly a proposal.
which can keep total inflation stable
Ah yeah, like right now where inflation is low and even decreasing, but things keep getting more expensive, jobs more and more scarce and actual value is ever smaller, while building true wealth through home ownership is ever more unreachable, while being poor is only more and more expensive and social mobility is at an all time low? Lol.
Measures of inflation are like COVID cases being low before we started testing more people.
That gives employees the freedom to say no to poor working conditions and inadequate pay without worrying about where their next meal is coming from.
That's the thing - it won't. Capitalists won't like this, and competing with one another by offering better working conditions will only make them worse off - they will instead band together and price fix the market, or simply complete the ongoing switch to using gig economy "contractors" instead of employees.
Capitalism is a race to the bottom. This is ofc a hypothetical, IRL they would never allow any such laws with actual teeth to pass unless a dictatorship of the proletariat showed them to the guillotines.
Sure, and moving to socialism won't change that, all it does is replace "the rich" with "the well-connected."
This is an argument so old Marx debunked it himself. But I'll say this: even if this is true, corruption is indeed possible in any system, but only in capitalism we worship it and call it "lobbying".
People being rich isn't a problem, especially since generational wealth is often gone after 3 generation
So just because it hasn't been 3 generations yet, Musk isn't a problem? Bezos? Zucc?
The important thing is that who "the rich" are changes periodically so we don't get into a Russian oligarch situation.
The Russian oligarchs are actually new rich too, most of them got wealthy by picking the corpse of the Soviet Union, during western enforced shock therapy, while the poors were left to heroin and dying of AIDS. What a woopsie that turned out to be with fascist Russia now eh?
As long as that's improving year-over-year, things are getting better. Whether some people have tens or hundreds of millions doesn't really impact me day-to-day.
Things have declined since the 1980s in terms of buying power of the middle income young people of today across the board, and that's before we get into the fact life itself got more expensive (e.g. now a starter crappy job needs an MSc, used to be they hired barely literate lead eaters, who are now bosses).
It's slightly offset if you measure happiness by socially-funded scientific and technological progress (internet was a government project) but even that is now debatable, as capitalism has sunk its teeth into that also, and more and more social services of the 20th century are privatized into oblivion.
And that's just the local, street-level stuff. What about the global evil of capitalism? Israel? Afghanistan? Iraq? Neo-colonialism of the global south, American corporations licking dictatorial boots the world over? the blockade of Cuba? Police racism and brutality? Sexism? Ableism?
The neoliberal imperialism of the United States through it's client-state in Israel alone is enough to wonder, whether this system should be left as-is.
Now the USSR did a fair bit of shit too, and China does a lot even worse, all of it is deserving of critique, but US's (and it's western vassals') issues are precisely as a result of its system. The US is very much an oligarchy, and is three corporations in a trenchcoat, and occasionally, when whistleblowers, whether corporate or military wind up dead, people look up, and it's important that they blame the right people, because otherwise, they'll blame each other, and fascism - the final form of neoliberal capitalism - wins.