4 ms·
It would work if you take it from the 1%
by basicplus2 9y ago
It would work if you take it from the 1%
- sintaxi 9y agoNo it wouldn't. It would ruin the buying power of the dollar which is effectively the same as giving every working person a pay cut. Those who own companies and assets would be who benefits.
- grwthckrmstr 9y agoYou mean the rich will benefit? :O
- sintaxi 9y agoExplain to me how universally devaluing the currency I pay you in doesn't help me? If my wealth is stored in land and owning market segments and you earn a salary which is entirely based on the value of a fiat currency. How do you get ahead by fiat currency being made freely available to everyone. Explain it to me.
- basicplus2 9y agoYour logic is flawed.. if it is taken from the richest 1% it is not creating money from nothing it is simply moving money from A to B, therefore still the same amount of money in the system therefore it does not devalue buying power. The rich might put the prices up to steal it back but that is another argument
- deleted 9y ago[deleted]
- TomMarius 9y agoHow can you "steal back" something that was stolen from you?
- gozur88 9y agoYou couldn't take that much money from wealthy people, and if you tried you'd wreck the economy so badly we'd end up like, well, Venezuela.