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If we are asking the big questions, it's worth considering what the macro-economic impact would be if taxation was ended, and the government funded itself solel
by jchrisa 5y ago
If we are asking the big questions, it's worth considering what the macro-economic impact would be if taxation was ended, and the government funded itself solely through printing money. The discourse is all about lowering the tax burden on the rich so they can innovate. But my intuition is without taxes, the rich would be hit harder with inflation than the middle class. So even a strong progressive taxation system can be seen as a giveaway to the rich.
- reedjosh 5y agoThe rich tend to keep their money in assets. Inflation only makes the rich richer.