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> Printing money is a very effective way to even some of that out. Possibly the only form of 'wealth tax' that can actually be executed successfully. This only
by cheald 6y ago
> Printing money is a very effective way to even some of that out. Possibly the only form of 'wealth tax' that can actually be executed successfully.
This only holds if the wealthy are holding their wealth as USD, not assets. This is not the case. The wealthy do not typically have Scrooge McDuck-style vaults of cash laying around waiting to be inflated away.
- aeternum 6y agoThe wealthy do not typically have vaults of cash, but they do invest most of their money in companies which often do have large USD reserves. The vast majority of their wealth is greatly impacted by the relative value of USD.