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Is the easiest way to implement a “wealth tax” just higher inflation?
by zhoujianfu 6y ago
Is the easiest way to implement a “wealth tax” just higher inflation?
- andrepd 6y agoNot really because ideally you want to exempt the first say 1 or 2 million from the tax.
- inter_netuser 6y agoso UBI + inflation?
- 0xfaded 6y agoEvery dollar is ultimately backed by something. An increase in money supply is not by itself a bad thing, but if those new dollars don't result in the creation of new assets on the other side of the balance sheet, the new money will just shuffle around to eventually map onto the same existing assets. In the worst case, the momentum this creates will cause people to follow suit and throw their savings into the asset market creating a bubble.