3 ms·
I'm pretty sure that taxation is the way to collect and "recapture" those printed dollars. They were printed in order to be spent and "stimulate" the economy,
by nrmitchi 6y ago
I'm pretty sure that taxation is the way to collect and "recapture" those printed dollars.
They were printed in order to be spent and "stimulate" the economy, not make already rich people look richer on paper.
- fullshark 6y agoWell they were printed mostly to stop rich people from defaulting on loans, keep companies alive for the and keep them paying their workers etc. So the fed may have very well succeeded there (we don't have the counterfactual, no fed intervention would have likely been not good though). Possibly it was overkill and taxation -> wealth transfer to poorer people makes sense though.