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Taxes. Taxes are the other tool that can be used to control inflation, especially when most of the money supply is in the hands of relatively few and has questi
by sudosysgen 3y ago
Taxes. Taxes are the other tool that can be used to control inflation, especially when most of the money supply is in the hands of relatively few and has questionable productivity.
It's a shame however that taxation isn't used for monetary policy due to the political system just not being set up that way.
- tharmas 3y agoAgreed. Non-productive money making should be taxed more heavily than productive money making. By productive I mean non-speculative activity. Also, sales tax is harder on lower income people. Sales tax should be scrapped except on luxury items or things like cigarettes.