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