2 ms·
ah, interesting to ponder. but why not also question the role of inflation as (economic) motivator? this tenet forces us to consider monetary factors more than
by clairity 6y ago
ah, interesting to ponder.
but why not also question the role of inflation as (economic) motivator? this tenet forces us to consider monetary factors more than we might otherwise, given the limitations of money to represent everything we value (an idealized premise of economic system as efficient allocator).
the regulatory route is certainly fraught, but a steeply progressive tax on wealth (along with eliminating all the loopholes, like the lower capital gains tax) could drastically reduce money clumping. done well, it could encourage wealth building to a comfortable threshold, say $1MM, and then start to discourage greater wealth hoarding (without discouraging it completely or setting a max).