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the only market mechanism to force money back into the rest of the system is for interest rates to rise Or a wealth tax.
by coryrc 6y ago
the only market mechanism to force money back into the rest of the system is for interest rates to rise
Or a wealth tax.
- imtringued 6y agoInflation is basically a wealth tax. Sort of.
- jzoch 6y agoOne that hurts poor people more than wealthy - since wages are last to inflate. Additionally, wealthy people are still able to afford necessities during times of high inflation.
- throwaway316943 6y agoOnly if the wealth is held as dollars or a depreciating asset. If it’s invested or converted to something of limited supply then it can be inflation proof. Too bad those options are out of reach for the poor.
- berryjerry 6y agoWe have wealth taxes. They are called property taxes and inheritance taxes.
- coryrc 6y agoInheritance tax is easy to avoid and property is a very small proportion of the ultra-rich's assets.