Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes...
by Spooky23 on Thursday October 22, 2020 @09:10PM
(#24865121)
How are the nearly $2 trillion of bank reserves at the Fed contributing? That’s a significant portion of the total money supply.
Most of the corporate cash isn’t in equity funds, it in US Treasury debt. Apple holds >$50B of treasury securities, for example.
The low inflation monetary policy has some benefits, but combined with our ass-backwards tax system also makes for strong disincentive to do anything with excess cash.
Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes...
by nickpp on Friday October 23, 2020 @04:49AM
(#24867289)
Money in the government coffers is spent and used by the government. Again, a good thing (as far as government spending can be called a good thing, of course).
Most of the corporate cash isn’t in equity funds, it in US Treasury debt. Apple holds >$50B of treasury securities, for example.
The low inflation monetary policy has some benefits, but combined with our ass-backwards tax system also makes for strong disincentive to do anything with excess cash.