this post was submitted on 08 Feb 2025
473 points (96.6% liked)

Curated Tumblr

5351 readers
815 users here now

For preserving the least toxic and most culturally relevant Tumblr heritage posts.

Here are some OCR tools to assist you in transcribing posts:

Don't be mean. I promise to do my best to judge that fairly.

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] AllHailZorglub@sh.itjust.works 3 points 4 months ago

On a technical level, it would (probably) work. But I think it would feel terrible for the most people : the middle class would see it's savings melt away unless they lock a lot of it in investments, and people would have to reevaluate their value scale much more regularly than now. And the capital would likely not be "taxed" that in much in this setup.