2 ms·
The number is arbitrary. The net effect would be the same just differing in degrees... inflation, decrease productivity of the economy as a whole, and downward
by honksillet 11y ago
The number is arbitrary. The net effect would be the same just differing in degrees... inflation, decrease productivity of the economy as a whole, and downward pressure on the middle class. It would have negligible effect on the problem of inequality with the 1% and above.