Well good for them then https://twitter.com/stefanobellelli/status/1340083051100057606 …
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Yeah, but somewhat disappointingly, only a cash/creditor tax. Though that's not entirely bad, because we want people to make new loans, not just rely on old ones, and we want them to spend and invest cash.
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It IS probably worth noting that it's a lot easier to print money than raise taxes, in political terms, and it's not always the optimal case, so it's fair to say that we might overuse it, and it's not necessarily honest. But I don't really care.
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Isn't that offset by the fact that the 1% can borrow at far lower rates than the average person, and inflation effectively lets them pay it back with far cheaper money?
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The people I'm most concerned with are the ones who have negative wealth
End of conversation
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Inflation is literally a tax on people who own nominally denominated assets. By definition it’s taxing only people who have money, neutrally. The only way to evade the tax is to put your money to productive use.
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