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_heimdall01/22/20251 replyview on HN

One of the more destructive situations in capitalism is the fact that (financially) helping the many will increase inflation and lead to more problems.

When a few people get really rich it kind of slips through the gaps, the broader system isn't impacted too much. When most people get a little rich they spend that money and prices go up. Said differently, wealth is all relative so when most people get a little more rich their comparative wealth didn't really change.


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whimsicalism01/22/2025

you can redistribute real resources - every person spending their life working on a rich persons yacht rather than helping educate the next generation due to the price system, for instance, is a real distribution of resources. this is why consumption taxes are modern and valuable

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