3 ms·
Qua? A 'special tax on private wealth' would presumably be a progressive tax, rather than a tax on the poor. And the tax would presumably be distributed among
by sdenton4 11y ago
Qua? A 'special tax on private wealth' would presumably be a progressive tax, rather than a tax on the poor. And the tax would presumably be distributed amongst the richer countries of the EU to forgive the debt of the poorer country (Greece, in this case).
Meanwhile, inflation has been kept in check for many many years by the manipulation from central banks. Who does inflation hurt? Well, turns out it hurts people sitting on top of big piles of money, as their pile of money is worth relatively less. So generally, capitalists don't like inflation because it hurts their capital.
Inflation can also hurt the poor if their wages aren't on track with inflation, as has been the case in the US for quite a long time. Annual raises are supposed to offset the effect of inflation, though: The morale of the story is that if you have a politically weak labor sector, the 'cost' of inflation can be transferred from owners to workers. But on the whole, the main impact of inflation should be on the big piles of money, rather than the people with none.