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Do you make $5,000/day? (sh.itjust.works)

submitted 6 days ago by [email protected] to c/[email protected]

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[–] [email protected] 9 points 6 days ago* (last edited 6 days ago) (1 children)

Presumably the same place real rich people get it today. Gradually inflating the currency so that even if they're not directly stealing from you the increase in their wealth comes from the lessening of value of your, mine, and everyone elses money.

[–] [email protected] 1 points 6 days ago

Gradually inflating the currency

Gradual inflation that happens under the national growth rate is fine. You need more currency moving at a faster rate in an expanding economy.

Gradual inflation in a contracting national growth rate is a huge problem.

Thomas Picketty lays this all out mathematically in "Capitalism in the 21st Century", and builds a strong economic case for a high graduated tax rate as a means of tying inflation back to real economic growth.