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This seems like a great way to drive up rents. Poor people don't tend to hang on to their money, they're awfully tempted to do things like pay rent, make car p
by mml 16y ago
This seems like a great way to drive up rents. Poor people don't tend to hang on to their money, they're awfully tempted to do things like pay rent, make car payments, and buy things to eat. Not that I blame them, I do these things too.
Such a scheme would essentially be an indirect subsidy to all those the poor do business with. A rising tide lifts all boats.
- abalashov 16y agoWhich is basically another way of saying "printing money," which, as we know, causes inflation. Money can be flooded into the economy by means other than cheapening interbank lending rates.
- mthoms 16y agoExcept we are not talking about creating money, we're talking about re-allocating that which already exists (via taxes). Not the same thing.