Modern Monetary Theory is effectively dead. The problem is that millionaires and billionaires consume the same amount of toilet paper as us. Taking away money

Modern Monetary Theory is effectively dead. The problem is that millionaires and billionaires consume the same amount of toilet paper as us. Taking away money from them doesn't actually change the upwards price pressure on a roll. You actually have to tax away money from consumers for it to have any work combating inflation - I would like to see who can possibly sell raising taxes across the board as a way of fighting inflation.