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According to this guy's argument, we have: - People and businesses who save money instead of spending it, get their wealth confiscated by the state indirectly
by csense 11y ago
According to this guy's argument, we have:
- People and businesses who save money instead of spending it, get their wealth confiscated by the state indirectly through inflation or directly through the "special tax on private wealth"
- People, businesses, and other countries who help the state out by loaning it money have those loans retroactively converted into outright gifts by debt relief measures.
So the solution to fiscal irresponsibility is to turn the fiscally responsible into...I believe the technical term would be "suckers," or maybe "bag holders."
- parasubvert 11y agoEconomics isn't a morality play. Throughout history there has been debt relief and debtor jail... It depends on circumstance and power.