Comment by enraged_camel
6 hours ago
>> Isn’t hoarded wealth a no-op? It just reduces the supply of whatever they are hoarding.
It’s not. Wealth creates political power, which the wealthy wield to stack the odds in their own favor at the expense of everyone else.
Is that the topic of discussion? I thought it was something along the lines of “tax the rich so we can do things with the money”. That is the area I’m saying it is a no-op in. Statements without context frequently don’t mean the same as what they mean with context.