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Also, on several of the charts it's fairly clear that the inflection point isn't 1971, and some of the other policies with a fairly obvious causal relationship
by notahacker 4y ago
Also, on several of the charts it's fairly clear that the inflection point isn't 1971, and some of the other policies with a fairly obvious causal relationship with widening of income inequality (like top bracket tax cuts) are those typically endorsed by those wishing to return to the gold standard
- civilized 4y agoMost goldbugs, and many crypto boosters, are just hyper-individualists. "I keep my money and it doesn't lose value" is the only criterion they care about in a monetary system or a tax system. Hence the support for both constricting the money supply and low taxes, especially on the high-income bracket they usually reside in.