Why inflation is not a threat

Re:Why inflation is not a threat by coryrc on Sunday March 14, 2021 @01:48PM (#26457184)

    the only market mechanism to force money back into the rest of the system is for interest rates to rise

Or a wealth tax.

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Re:Why inflation is not a threat by imtringued on Sunday March 14, 2021 @02:52PM (#26457753)

Inflation is basically a wealth tax. Sort of.

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Re:Why inflation is not a threat by jzoch on Sunday March 14, 2021 @05:05PM (#26459176)

One that hurts poor people more than wealthy - since wages are last to inflate. Additionally, wealthy people are still able to afford necessities during times of high inflation.

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Re:Why inflation is not a threat by throwaway316943 on Sunday March 14, 2021 @05:31PM (#26459464)

Only if the wealth is held as dollars or a depreciating asset. If it’s invested or converted to something of limited supply then it can be inflation proof. Too bad those options are out of reach for the poor.

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Re:Why inflation is not a threat by berryjerry on Monday March 15, 2021 @12:03AM (#26462520)

We have wealth taxes. They are called property taxes and inheritance taxes.

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Re:Why inflation is not a threat by coryrc on Monday March 15, 2021 @12:24PM (#26467972)

Inheritance tax is easy to avoid and property is a very small proportion of the ultra-rich's assets.

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