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by madsbuch 1101 days ago
In the end this is more a question of who should decide what people do.

Money only has value when they are spend. If you lock money up in an account and never use it, it is practically taken out of the economy.

Do, do we let governments circulate money for education, health, care, etc. or do we let corporations circulate money in the pursuit of more money?

For me, it's a balance. Right now it does seem like the inequality has been raising (in particular under the pandemic) and we probably should try to redistribute a bit more. But the increasing interest rates are already leading us in this direction. And the social unrest will probably also accelerate salary increases over the next years – which in turn needs to be financed.

I think the biggest issue we face are reaching multi-lateral agreements like the global minimum tax that can hand the power to tax companies back in the hands of governments (as it becomes unattractive to move to low-tax jurisdictions).