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by hayst4ck
806 days ago
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> creating an intrinsic tax on wealth It's worth pointing out that it is not a tax on wealth, but a tax on both savings (held in cash) and lending (through reducing what paid back debt can buy). Most forms of what people consider wealth track inflation, which is important because inflation is almost always a direct wealth transfer to a country's already wealthy, which makes the rich richer and the poor poorer. |
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