4 ms·
> Is there a plausible way we can get out of this situation? Yes, tax the hell out of the wealthy in order to reduce their total share of the money supply (whi
by arrosenberg 5y ago
> Is there a plausible way we can get out of this situation?
Yes, tax the hell out of the wealthy in order to reduce their total share of the money supply (which is driving asset inflation), shield the middle class, and provide better housing, social services and benefits to the working poor. Home prices would settle because supply would go up and the range of bids on a given property would be more egalitarian.
If we are responsible with the new revenues
(we won't be) we would also destroy about $5-7T of what's collected to remove it from the overall supply to prevent reoccurrence.