The road to socialism via inflation: • Print money, crash the reserve currency, destroy savers, and force them into inflated assets. • Asset inflation leads to inequality. Demonize asset holders and tax the nominal gains, thereby confiscating the real value of the assets.
Replying to @naval
hmm... in order to steal one must first justify the stealing... the only way for equality w/o stealing is Creation. but b/c productive assets make creation easier all new stuff accrues to existing asset holders. theoretically asset holders have less hustle/grit/motivation, hmm.
9:07 PM - 10 Feb 2021
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