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by athenot 3171 days ago
I'm no economics expert so there's probably flaws in this idea but I've been wondering if we should levy a tax on usury (in its older interpretation). Looking at all the ways that money flows from the poor to the rich, it seems usury (in the form of profits derived from rent and interest) are large contributors.

This has traditionally been the position in Judaism, Christianity and Islam (and I think many tribal societies would greatly frown upon it).

1 comments

My guess is that increased levies or taxes on loans would end up being paid by the borrower and make the loan even more expensive.