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If you funded this with taxes (presumably on the wealthy) wouldn't you likewise see a deflationary affect on luxury goods?
by Consultant32452 10y ago
If you funded this with taxes (presumably on the wealthy) wouldn't you likewise see a deflationary affect on luxury goods?
- AnthonyMouse 10y agoOnly if the tax was so much higher than they're paying now that it would meaningfully impact their spending, which it wouldn't be.
- azernik 10y agoMaybe? Probably not a major problem, though - I think the concern is more about the effects on the prices of non-discretionary spending items.