solarpunk memes

2938 readers

72 users here now

For when you need a laugh!

The definition of a "meme" here is intentionally pretty loose. Images, screenshots, and the like are welcome!

But, keep it lighthearted and/or within our server's ideals.

Posts and comments that are hateful, trolling, inciting, and/or overly negative will be removed at the moderators' discretion.

Please follow all slrpnk.net rules and community guidelines

Have fun!

founded 2 years ago

MODERATORS

[email protected]

1093

no wait he has a point (slrpnk.net)

submitted 6 months ago* (last edited 6 months ago) by [email protected] to c/[email protected]

97 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 6 months ago* (last edited 6 months ago)

You realise that the government can (and does) just make new money? There is no need for the government to borrow any money (but it does it anyways for other more complex reasons). And if done in moderation the resulting inflation is in effect identical to taxes, except that it automatically "taxes" the rich more and incurages further investments.

And with sufficient inflation, businesses will have no problem to attract investments as people will want to have investments that retain their value, no interest needed.

Similarly, investing money in houses is sound business when inflation is relatively high, both individually and for housing companies.

But the real problem is anyways not basic interest, but compound interest that forces the borrower to repay the lend amount many times over and still be in debt afterwards.