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Raising taxes on the wealthy could offset any changes to the money supply caused by a slightly more generous welfare state. An obvious solution.
by standardUser 4y ago
Raising taxes on the wealthy could offset any changes to the money supply caused by a slightly more generous welfare state. An obvious solution.
- 8note 4y agoThat's unlikely to reduce demand though. If the inflation is trigger by a lack of supply for things poor people want, taxing the rich won't change anything
- standardUser 4y agoI agree, but most people like to pretend inflation is only caused by increases to the money supply.
- al_mandi 4y agoWho are the wealthy in your view? Anyone making more than N amount? Or worth more than M amount? And what's that amount?
- standardUser 4y agoOnly three leading questions? Go on, ask a few more. Or feel free to make a point.
- al_mandi 4y agoThe point is that the model itself is broken and unfair. I'd recommend looking into Islam's Zakat system for something that works.