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A comment on UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years. Parent comment

Re:UK: Food inflation rises to 18.2% as it hits highest rate... by astrange on Friday March 24, 2023 @04:13PM (#35294807)
Wealth taxes, unlike most taxes, would be inflationary because they force selling assets and therefore increase monetary velocity.
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Re:UK: Food inflation rises to 18.2% as it hits highest rate... by munk-a on Friday March 24, 2023 @04:16PM (#35294848)
Both income and point of sale taxes definitely feed into inflation so I'm not certain why you're trying to draw a distinction between those taxes on productive money and taxes on accumulated wealth (generally unproductive money).
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Re:UK: Food inflation rises to 18.2% as it hits highest rate... by astrange on Friday March 24, 2023 @04:21PM (#35294906)
No, those are deflationary. They reduce transactions (because you want to spend less) and they reduce the money supply. Wealth taxes reduce the money supply as well, but they increase transactions because you have to buy the currency to pay them in by selling your assets.
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