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I think inflationary monetary policy (a good thing) more or less guarantees that in dollar terms (the thing that matters for prop 13) prices will go up every ye
by space_fountain 5y ago
I think inflationary monetary policy (a good thing) more or less guarantees that in dollar terms (the thing that matters for prop 13) prices will go up every year. I think prop c does allow for some price adjustment for inflation, but it has a crazily low cap
- lowkey 5y agoI think you need to defend your claim that inflationary monetary policy is a good thing. How is it good for the residents of a country?
- space_fountain 5y agoI mean to the best of my knowledge basically all economists think it is, but beyond that imagine a world where we had stagnation or worse deflation. You would have much less of an incentive to invest money rather than just keep it in the bank.
- gedy 5y agoProperty taxes can go up 2% per year. That's reasonable from an inflation perspective if you are just living there. (Supposedly inflation has been that low for a long time, but doesn't feel like it in real cost of living)