Also the way QE works is that the rich companies and individuals are the ones who can take out large loans against their previous economic assets as collateral and leverage that money in the market such as the AI bubble. They also are the first to spend the new money so the inflationary effects only kick in after they've taken out then loans.

The wage earners feel the inflation in their wallets.

This hints at a major misunderstanding that, frankly, drives me nuts. If people are getting paid in stock, they pay taxes on the value of the stock they are paid with.

Can they take a loan on existing stock? Yes. You can leverage assets and this, itself, leads to some pretty unfair things. No need to inflate it to the idea that "getting paid in stock means you don't pay taxes."

This only works if stocks go up, up, and up. Otherwise they will have to realize gains at some point to pay off the loans.

I don't get why we have to jump all the way to a wealth tax, could they not just force asset backed loans to trigger a tax? This seems way more targeted and we won't have people assessing what everyone is worth. I think it would avoid some unnecessary precedent setting. They could put the impetus on the billionaire taking the loan to state what the assets are worth and related gains.

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>The greater issue is we allow the richest to basically print money via their stock based compensation, which allows them to turn unrealized gains into loans backed by these stocks.

How's this different than if CEOs or whatever were paid in cash, and then they immediately bought stocks with the cash?