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Re:FDIC set to take First Republic Bank into receivership by Xeoncross on Saturday April 29, 2023 @02:31PM (#35755690)
I too agree with your comment, I must be missing more context.

> if taxes are increased and the money is distributed directly to the workers

This is unlikely, taxes and laws are always overseen by lobbyists who are funded by the wealthy. I can't imagine a situation where they would vote themselves into a worse situation.

If they ever appear to, know the harm they face would be to their advantage (such as crushing startup competition or preventing litigation).

Perhaps this seems like an overly jaded take, but please reference this Princeton study that found the wishes of the US population have had no real effect on laws for decades.

https://scholar.princeton.edu/sites/default/files/mgilens/fi...

TL;DR: https://imgur.com/a/tvqQXFc

Re:FDIC set to take First Republic Bank into receivership by s1artibartfast on Saturday April 29, 2023 @03:01PM (#35755969)
I'm not sure I agree with that cynical of a take, but even if is true, I don't see how moving money from one wealthy person to another would be an effective tool to fight inflation.

Furthermore, I don't think that is the underlying assumption held by people who say we should tax the rich to fight inflation.