1) Again, see the whole whales-move-markets thing (one in every 7 homes in the US is owned by a fund, where the people who own half the national wealth park their money affects things).
2) I'm not blaming the rich directly for broad inflation, just saying that they keep prices pegged higher which delays the onset of deflation. In the cas…
1) Again, see the whole whales-move-markets thing (one in every 7 homes in the US is owned by a fund, where the people who own half the national wealth park their money affects things).
2) I'm not blaming the rich directly for broad inflation, just saying that they keep prices pegged higher which delays the onset of deflation. In the case of university tuition and housing supplies they are 100% one of the big causes for inflation in those sectors.
Billionaire’s have NOTHING to do with inflation. Literally nothing. I totally understand your hate for the Uber wealthy but making arguments about the taxing wealth and inflation is not only historically incorrect it violates every macro economist point of view on the cause of inflation.
What do billionaires cause inflation on? 20 room homes, sports team, mega yachts, etc. it does not cause inflation on rent, oil, consumables, meat, groceries.
I don’t mind debating the benefits of taxing the wealthy but stop making it about inflation. It’s like claiming billionaires are responsible for crime. It’s just ludicrous
1) Again, see the whole whales-move-markets thing (one in every 7 homes in the US is owned by a fund, where the people who own half the national wealth park their money affects things).
2) I'm not blaming the rich directly for broad inflation, just saying that they keep prices pegged higher which delays the onset of deflation. In the case of university tuition and housing supplies they are 100% one of the big causes for inflation in those sectors.
Billionaire’s have NOTHING to do with inflation. Literally nothing. I totally understand your hate for the Uber wealthy but making arguments about the taxing wealth and inflation is not only historically incorrect it violates every macro economist point of view on the cause of inflation.
What do billionaires cause inflation on? 20 room homes, sports team, mega yachts, etc. it does not cause inflation on rent, oil, consumables, meat, groceries.
I don’t mind debating the benefits of taxing the wealthy but stop making it about inflation. It’s like claiming billionaires are responsible for crime. It’s just ludicrous