Comment by PeterHolzwarth

>and you have to create constant pressure to ensure that stored wealth is best re-invested in the economy at large

I have no idea if this is true (I've asked economists-in-training, they say they'll get back to me), but I've read that the huge increases in tax rates on high income during the war was less to generate revenue (tho more revenue was certainly a need - there was also a growing focus on growing the number of people who paid taxes, which prior had been quite small), but more to ensure profits were not realized and instead kept invested in the economy and the war machine.

A kind of practical "hodl" to keep the wartime economy stock with reinvestment - or really to discourage removing money from industrial investment - to benefit the war-time economy.

Would like links to things to learn more about this line of reasoning.