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there's already a tax on wealth/savers, its called inflation.
by chriogenix 8y ago
there's already a tax on wealth/savers, its called inflation.
- notahacker 8y agoFew people hold all their wealth in banknotes, and none of them are rich. The rich invest their wealth in companies and assets that appreciate much faster than inflation.
- TheCoelacanth 8y agoInflation is a tax on currency, not a tax on wealth. Real estate is wealth but inflation doesn't decrease its value. Stocks are wealth but inflation doesn't decrease their value.
- dredmorbius 8y agoQuibble on stocks: as with other asset classes, they are highly sensitive to the quantity of money and availability of credit, so they're not insensitive to inflation. Though they are generally positively affected by increases in the money supply: see QE and US stock market respose.