> It is if you provide a route to citizenship for ~16M americans, many of which are not making minimum wage. Hmmm, I think it more counters a deflationary tren

> It is if you provide a route to citizenship for ~16M americans, many of which are not making minimum wage. Hmmm, I think it more counters a deflationary trend of older local people retiring. It is true that people earning more is likely inflationary (but that's better than all alternatives). > The goal is to use the inflation to drive a reduction in wealth inequality. Causation would go the other way round. Wealth taxes are inflationary, insofar as taxes are paid in USD and so you have to sell your assets to get the USD, causing extra transactions. That's a problem since most other kinds of tax are deflationary.