If we didnt make borrowing so cheap then it wouldnt be cheaper to borrow to avoid taxes. QE has huge effects on making the rich richer, as wages are debased via the money printer.
Its the same with a minimum income, why have a minimum income if you’re just going to deliberately actively erode it via inflation and growing the money supply 7-8% a year?
Its also the obvious cause of the housing crisis, which lets people profit off the cantillon effect utilizing cheap credit, which disadvantages the poor and the young who own less collateral. Those with the best access to credit profit, and those with the least are debased to feed the rich.
Isnt this monetary policy rather than taxes?
If we didnt make borrowing so cheap then it wouldnt be cheaper to borrow to avoid taxes. QE has huge effects on making the rich richer, as wages are debased via the money printer.
https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1108.pdf?sc_lang=en
Its the same with a minimum income, why have a minimum income if you’re just going to deliberately actively erode it via inflation and growing the money supply 7-8% a year?
Its also the obvious cause of the housing crisis, which lets people profit off the cantillon effect utilizing cheap credit, which disadvantages the poor and the young who own less collateral. Those with the best access to credit profit, and those with the least are debased to feed the rich.