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Couldn't the government just print money, which devalues the currency, and is thus essentially a flat rate wealth tax?
by YourDadVPN 4y ago
Couldn't the government just print money, which devalues the currency, and is thus essentially a flat rate wealth tax?
- valleyer 4y agoIt would be a flat-rate wealth tax only on dollar-denominated assets, which would exclude among other things stocks, art, yachts, country estates... all of which rich people like to own.