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What is your proposal to ‘fix’ this ‘problem’? This is where the actual issue is I think. The usual solutions proposed are to increase taxes on the 10%, and in
by jl2718 5y ago
What is your proposal to ‘fix’ this ‘problem’?
This is where the actual issue is I think. The usual solutions proposed are to increase taxes on the 10%, and increase spending much more than that, and inflate the money supply. A lot of people see all of this as the exact mechanism which transfers wealth to the 0.01% at the expense of everybody else.
Has there ever been a centrally-planned economic policy implementation that actually reversed concentration of wealth and power?
- lazulicurio 5y agoDeflation would make debt more expensive and affect the relative incomes for labor/capital, but it's a dirty word among economists.