[Consultant32452]

If you funded this with taxes (presumably on the wealthy) wouldn't you likewise see a deflationary affect on luxury goods?

[azernik]

Maybe? Probably not a major problem, though - I think the concern is more about the effects on the prices of non-discretionary spending items.

[AnthonyMouse]

Only if the tax was so much higher than they're paying now that it would meaningfully impact their spending, which it wouldn't be.