The problem is everything currently in our economy is based off of nothing. The dollar holds no intrinsic value so if you raise the cost of goods that does not correlate into cost of labor. I agree that the system is jacked up, but taxation (oh by the way we're $18T in debt) won't do anything other than bleed the population dry. What happens when goods cost more and wages by law raise and profit shrinks and in turn taxes shrink? What do you do when you have no money to tax?