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That surely would be a quick way to turn it all into inflation
by lun4r 6y ago
That surely would be a quick way to turn it all into inflation
- pkulak 6y agoOnly redistribute half of it.
- xhkkffbf 6y agoExactly. If the rich are happy to leave it in a bank account gathering dust, it doesn't affect prices. But when everyone is actively bidding for scarce assets, we get inflation.
- Tuna-Fish 6y agoRich people don't have tons of money sitting in bank accounts gathering dust.
- reedjosh 6y agoNo, they just have it in gold, stocks, real estate, art, etc... all of which probably doesn't gather much dust--maybe the gold, but if you can afford art, you can probably afford someone to clean it. I also agree that they have debt for that as well. No reason not to use debt to gain real assets when the fiat debt loses value regularly.
- williamdclt 6y agoNot if you "take it" with taxation and "give it" through social programs, I don't think
- CyberRabbi 6y agoIf giving it causes the economy to slow down it could have very hazardous effects. The challenge for lawmakers is how do we aid people in need without causing too much harm to the economy.