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That's only with a limited supply of product. Instead, I see a throwaway culture, where we have a surfeit of product such that anything not perfect is thrown aw
by bsanr2 7y ago
That's only with a limited supply of product. Instead, I see a throwaway culture, where we have a surfeit of product such that anything not perfect is thrown away (safe but expired food, appliances with dents in them, electronics with a single broken component, etc.). Likewise, Americans suffer through services that run inefficiently, or go without services that don't exist because there isn't a critical mass of demand for them.
People are pretty good at coming up with good uses for an influx of money without crashing the entire system. That's the whole point of a market-based economy, right?
- jeffdavis 7y agoIf what you want is inflation... why not just inflate the money supply more directly? What's the point of trying to do so through the tax system?
- bsanr2 7y agoLet me flip that: why would you create more money when there's already plenty to go around, just that it's locked up in tax havens, and only used to allow the wealthy to live, effectively, for free? If inflation is a menace, why would we risk the absolute calamity that would occur if disappeared wealth was repatriated after we'd created a bunch more money?