Originally posted by snoopy369
Among other things, you can't convert "$10" to "Dinner" directly; someone has to actually *grow* the food (or raise it or whatever). Feeding the starving in Africa is a much more difficult task than simply handing out checks on the street corner.
I wonder what the inflation rate would be if the US government took a tax of 100% on capital holding over $5m, and handed a check to every citizen (children included) for ($tax)/(300m) or whatever the current population is. 40%? 45%?
Among other things, you can't convert "$10" to "Dinner" directly; someone has to actually *grow* the food (or raise it or whatever). Feeding the starving in Africa is a much more difficult task than simply handing out checks on the street corner.
I wonder what the inflation rate would be if the US government took a tax of 100% on capital holding over $5m, and handed a check to every citizen (children included) for ($tax)/(300m) or whatever the current population is. 40%? 45%?
This of course would devalue the dollar, but it wouldn't necessarily be inflationary.
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