Exactly, the bottom 10% don’t have enough money, meaning that any money you give them will go towards consumption. The top bracket’s spending as % of income or wealth is tiny and is mostly independent of their income. Their money is spent on investments, not basic goods and services. They practically don’t affect inflation.

I think money should be printed during periods of low inflation. E.g. Japan could have benefited from that. After this bout is over, governments can return to printing, carefully.

Well, I honestly in a way write such comments in a tone more likely to irritate people. Maybe not consciously. I just happen to have grown in a family and in groups where disagreeing and arguing was not considered disrespectful, and I am ironically not very tolerant to the other way of looking at this.

(Should think about this more often when I want to complain about life - some people were not that lucky.)

I personally just lose any interest in conversation when I realize that my counterpart doesn’t want a working system or a better world or really some justice, they simply want to rob someone who has more than they do. No deeper purpose or something, just plain envy.

It’s like certain moments in sex. So bloody frustrating.

And, of course, the only leftists I’ve encountered who wouldn’t be what I describe were book characters. Yeah, nice characters, fascinating, really making me wish something like this was possible, but even with the depth limitations for describing an entire person on paper they were still deeper that RL leftists, FFS!!!

I have at least met living sincere good-willing ancaps and living sincere good-willing fascists (sic) even. The only people I know in person I could possibly call a real sincere good-willing leftist would be my sister, and maybe one of my cousins, and one DM (though from a few conversations I suspect he just has, eh, a leftist background, but is more literate in economics than such people usually are).

It’s not that simple, there’s a response of the “top 0.1%” moving their property elsewhere or distributing it by various legal means so that they’d have to pay less.

In dumb terms, you have to design a system where 4 people collectively owning 4bln$ would pay the same as 1 person owning 4bln$. Not even mentioning that they can have N friends abroad.

Also there are still “rich” people in Scandinavian countries, who may not directly own nearly as much as Bill Gates, but still have enormous power.

Also this will, in fact, affect inflation.

My point is - money represents power, which is convertible into other means, you can tax money or property, but you can’t universally tax power.

Money-wise (as a universal equivalent in a non-coercive system) you can at least somewhat clearly evaluate that power. If you scare powerful people off to convert their power into more obscure media, you won’t have that clarity.

So I don’t see this as a problem one can solve, but I see other problems more accessible, like patent\IP\trademark\certification laws.

Top 0.1% don’t have earnings and income.

Debts get discharged all the time

Yes, so?

and they have no impact on inflation

Measured by whom? Logically they should.

It’s called the Bankruptcy System and it’s been a part of American economic reality since the mid-1800s.

So in your idea of good economics it doesn’t matter for inflation if debt of NxM total gets discharged per month or of NxK total per month where K is much bigger than M?

I just don’t get that pretentious acting.