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> Want to contain inflation? Tax excessive market capital. Isn't that exactly what inflation is, a tax on uninvested capital?
by wahern 4y ago
> Want to contain inflation? Tax excessive market capital.
Isn't that exactly what inflation is, a tax on uninvested capital?
- mensetmanusman 4y agoIt’s also a tax on unpaid debts owed to you?
- wahern 4y agoDepends on interest rate, I suppose. Variable rates help shield the creditor. Fixed rates tend to be higher to price in inflation risk. Also, you can securitize debt, which helps you hedge.
- danenania 4y agoIt's mainly a tax on uninvestable capital like subsistence wages and pensions. If you only wanted to tax 'excessive' concentrations of capital, a wealth tax would be more effective.