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if i hypothetically were the ruler of a sovereign state and needed to squeeze productivity out of my stock of hooman capital what i could do to keep them docile is maintain their consumption and production but strip away their ability to retire
e.g. if i tax them to whip them they will complain. if i indirectly tax them through inflation they will also complain BUT if i inflate ONLY what they haven’t bought yet(houses, equity, capital) then i can effectively steal productivity from their footures
their everyday life would be the same as before. the only people who would notice are those who buy capital as part of their everyday life
in order to combat that i’d have to seed some propaganda to make these people “rich out of touch assholes who are thieves” by spotlighting some actual assholes then their warning signs will be ignored by the ignorant masses
because of this, i, the sovereign ruler of the sovereign state will be seem as the ONLY source of solution, thus consolidating my power
the real kicker is, the poors, despite hating the rich, will still try to follow what they do like get into equities. except their timing will be wrong. then they will lose their savings and be even more glad that at least bread is still cheap
when they DO finally realize that their footure was stolen from them they’ll blame the equity markets for popping and direct their ire onto the already prepared scapegoats all while begging and licking from my paw that feeds them! mwahahahaha!
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