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We have interest rates at record lows and a risk of deflation. There is way too much asset holding and too little consumption. Taxing assets more (and taxing p
by danieltillett 10y ago
We have interest rates at record lows and a risk of deflation. There is way too much asset holding and too little consumption.
Taxing assets more (and taxing production less) will result in few people holding onto assets that could be more productively used by others people. We want to get our limited resources into the hands of the people that can make the most of the assets.