Re:How will the US debt situation play out?
by hayst4ck on Thursday April 11, 2024 @02:31AM
(#39998999)
> creating an intrinsic tax on wealth
It's worth pointing out that it is not a tax on wealth, but a tax on both savings (held in cash) and lending (through reducing what paid back debt can buy).
Most forms of what people consider wealth track inflation, which is important because inflation is almost always a direct wealth transfer to a country's already wealthy, which makes the rich richer and the poor poorer.
It's worth pointing out that it is not a tax on wealth, but a tax on both savings (held in cash) and lending (through reducing what paid back debt can buy).
Most forms of what people consider wealth track inflation, which is important because inflation is almost always a direct wealth transfer to a country's already wealthy, which makes the rich richer and the poor poorer.