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If so, the solution to the problem presented in the article is simple: tax the rich.

abfan1127 5y ago
tax the rich? by whom? the same people have gave the rich the money? a bit incestuous, no? This is my point. stop giving these people the power to take from one group and give to another. It only works out for those connected. And guess what? in the history of the world, the poor have never been connected. Lower taxes (lower spending) and the poor get to keep their money and do as they wish with it.
thrwawy12345 5y ago
Even more simple: “fix” the problem by not creating it in the first place.
markkanof 5y ago
Or even just stop giving the rich money that is taken from regular people. The money may not be directly taken from us, but printing money causes inflation, which is not really different from taking money in the form of taxes. At the end of the day all of us regular people still have less purchasing power.
- lainga 5y ago
  Well printing it and putting it into circulation causes inflation. If you give Bill Gates $1Tn and he hides it under his mattress, that does not cause inflation.
  - toomuchtodo 5y ago
    If Bill takes it and buys more farmland, that does cause trickle down inflation (depending on lease rates charges for farming).
    - lainga 5y ago
      yes, but that's putting it into circulation, isn't it?
  - otnihoithiu 5y ago
    He didn't hide it under his mattress, he purchased enormous amounts of farmland to rent seek off of your need to eat. https://www.businessinsider.com/bill-gates-land-portfolio-biggest-private-farmland-owner-in-america-2021-1 https://www.businessinsider.com/bill-gates-land-portfolio-bi...
gher-shyu3i 5y ago
The problem is more fundamental. The financial system is based on the immoral and parasitic practice of usury. The fiat money we use today is controlled by the whim of the government, which borrows money from the Fed with usury. It has to print money to pay it back because due to usury, it keeps increasing.

tax the rich? by whom? the same people have gave the rich the money? a bit incestuous, no? This is my point. stop giving these people the power to take from one group and give to another. It only works out for those connected. And guess what? in the history of the world, the poor have never been connected. Lower taxes (lower spending) and the poor get to keep their money and do as they wish with it.

thrwawy12345 5y ago

Even more simple: “fix” the problem by not creating it in the first place.

markkanof 5y ago

Or even just stop giving the rich money that is taken from regular people. The money may not be directly taken from us, but printing money causes inflation, which is not really different from taking money in the form of taxes. At the end of the day all of us regular people still have less purchasing power.

lainga 5y ago
Well printing it and putting it into circulation causes inflation. If you give Bill Gates $1Tn and he hides it under his mattress, that does not cause inflation.
- toomuchtodo 5y ago
  If Bill takes it and buys more farmland, that does cause trickle down inflation (depending on lease rates charges for farming).
  - lainga 5y ago
    yes, but that's putting it into circulation, isn't it?
- otnihoithiu 5y ago
  He didn't hide it under his mattress, he purchased enormous amounts of farmland to rent seek off of your need to eat. https://www.businessinsider.com/bill-gates-land-portfolio-biggest-private-farmland-owner-in-america-2021-1 https://www.businessinsider.com/bill-gates-land-portfolio-bi...

gher-shyu3i 5y ago

The problem is more fundamental. The financial system is based on the immoral and parasitic practice of usury. The fiat money we use today is controlled by the whim of the government, which borrows money from the Fed with usury. It has to print money to pay it back because due to usury, it keeps increasing.