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Kaleberg's avatar

There's an old saying, "The customer is always right about what they wish to purchase." That is, people know their own needs. Being a customer requires money. When the US had a growing middle class, they were the customers individually and collectively. We were able to buy all kinds of nice things. Now, the wealthy have all the money, and they're the customers for symbolic stuff, not physical stuff. So, we have a crappy consumer market and a wasteful efflourescence of venture capital backed crazes.

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Tracy Hall's avatar

You probably want to read up on MMT - which (obscenely simplified) contends that Government SPENDS money into existance - and makes a lot more sense than "I created all this money by inheriting it and it's MINE and you can't have it". The failure of your (winderful) contention is the "have to tax it back" part - no, FIRST we have to spend it.

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