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> if the system's purpose is to tilt the game to favor the few I wouldn't say it's the purpose, since banks are better at extending loans than the government s
by jackcosgrove 4y ago
> if the system's purpose is to tilt the game to favor the few
I wouldn't say it's the purpose, since banks are better at extending loans than the government such that losses are minimized, but getting first dibs on newly created money, and taking a small cut of it, is an incredible privilege.
- chiefalchemist 4y agoYes. But when that privilege is abused then things go sideways. Given the concentration of wealth and it's getting more so, I'd say were deep into sideways.
- imtringued 4y agoYou could literally tax the rich, but oh wait, that would be behaviour modification...