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bee_ridertoday at 1:33 PM4 repliesview on HN

It would cause inflation, isn’t that sort of a tax on people who have more wealth than income? (Which includes people like retirees, so, I’m not saying this is a universally good thing).


Replies

ziml77today at 1:47 PM

Theoretically yes, but in practice the wages of people already not making much have not tracked inflation and there's no reason to believe that they will now. That means any inflation is also a tax on them.

bad_haircut72today at 1:38 PM

No because assets hold their worth. Poor people have no assets

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hammocktoday at 1:55 PM

Isn’t it the opposite? Salaries are sticky while asset prices rise freely with the liquidity of the market for them

JumpCrisscrosstoday at 1:44 PM

> isn’t that sort of a tax on people who have more wealth

Classically, yes, particularly when that wealth is closer to productive capital. In modern economies, the rich also hold a lot of debt, which lets them benefit from inflation.