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Re:Hypercapitalism and the AI Talent Wars by hammock on Monday July 14, 2025 @01:21PM (#44562757)
All true of course, with a clarification: even if all the newly printed money is put in the hands of the poor, the resultant inflation raises the prices of hard assets which are overwhelmingly held by the rich (fueling wealth inequality)
Re:Hypercapitalism and the AI Talent Wars by marcosdumay on Monday July 14, 2025 @02:05PM (#44563301)
You can say that they fail to dilute the value of hard assets, yes. So they don't really "punish" the extra-rich. But they only inflate prices by the amount of money you print, you can't make the poor poorer by giving them money.
Re:Hypercapitalism and the AI Talent Wars by fc417fc802 on Monday July 14, 2025 @06:02PM (#44565816)
That depends on your metric and time frame. Purchasing parity and relative wealth could certainly be reduced beyond the immediate term.