this post was submitted on 08 Feb 2025
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How to fix the economy (lemmy.world)
submitted 4 months ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works
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[–] Floey@lemm.ee 78 points 4 months ago (2 children)

Printing more money and using it for public works or giving it directly to the poor could be a valid form of wealth redistribution that doesn't require collecting taxes. The problem of course is capital, it's immune to this kind of inflation, though rich people who have their wealth in debt would be hurt.

[–] hemko@lemmy.dbzer0.com 13 points 4 months ago (2 children)

though rich people who have their wealth in debt would be hurt

Aren't the big loans interest rates tied to inflation though?

[–] Banana@sh.itjust.works 18 points 4 months ago

Directly. Yes.

[–] explodicle@sh.itjust.works 3 points 4 months ago

They are, but the rate you're offered in the first place includes the loss to inflation. Capitalists aren't going to offer a losing deal.