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> "The rich people will be less rich in that situation." > "growth of money has to be tied to economic growth or otherwise the rich will feel screwed." > "I'm
by ZenoArrow 10y ago
> "The rich people will be less rich in that situation."
> "growth of money has to be tied to economic growth or otherwise the rich will feel screwed."
> "I'm not saying it's good, but you cannot screw the rich."
Two points:
1. Aside from the financial services industry, the rich would be just as capable of getting rich regardless of how new money was put into the system. The pot of available money to grow their businesses would still exist.
2. What is stopping a group from "screwing the rich"? Furthermore, why are you framing addressing economic inequality as "screwing the rich"? Economic inequality will get addressed one way or another, the divide between the rich and the poor shouldn't be allowed to grow unchecked.
> "the noise from tin-foil hatters."
If you're referring to me, I was merely pointing out how the money system works and pointing out that alternatives are available. If you want to refute the accuracy of what I've stated, then please feel free to do so.