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Not taxing the rich, capital gains as income, seems to contribute to inflation I'd say you're half right, here. The Fed prints money spends $80 billion a month
by padobson 5y ago
Not taxing the rich, capital gains as income, seems to contribute to inflation
I'd say you're half right, here. The Fed prints money spends $80 billion a month on treasuries and $40 billion a month on mortgage backed securities, so if you're a government contractor or you have a lot of real estate assets, you're effectively robbing everyone else's savings and devaluing their wages.