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And a transfer from those earning salaries as well, even if the salaries keep up with inflation (due to the Cantillon effect - the holders of capital will have
by medvezhenok 5y ago
And a transfer from those earning salaries as well, even if the salaries keep up with inflation (due to the Cantillon effect - the holders of capital will have access to the money first, so they can use it before it's "fully devalued", versus wage indexing which comes later).