Two good Ideas

This post on CT has two excellent ideas to alleviate poverty and the concentration of wealth in our society. One, index the minimum wage to inflation now that we have a Congress and President who are sympathetic. It will be hard for Republican to reverse this if they assume power again (right) by which time its positive effect on spending and consumption will surely be felt. Secondly, increasing the level and income access to the earned income tax credit (EITC) will also pay dividends in terms of buying power for lower and middle income workers and it promotes employment over welfare which is popular on both sides of the aisle. Here's a breakdown of the EITC distribution in terms of income and family size: