• jh29a@lemmy.blahaj.zone
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    7 months ago

    I’ve been thinking: if we’re a nice kind of government, couldn’t we just print the money we’re going to use to for example, give americans in poverty 10000$ ? This would “just devalue the money the rich people have”, so something about international exchange rates is propably the thing that stops me from mentally circumventing the freedom-based value that we can’t just take money people have earned. really gross food for thought

    • orbular@lemmy.today
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      7 months ago

      Think of it like a ratio. It devalues the savings of every day people more significantly than it devalues the massive piles rich people have. Rich people have this insane buffer and always have the means to play the rigged system to their favour and win.

    • starman2112@sh.itjust.works
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      6 months ago

      The biggest problem with that is that rich people don’t actually have massive piles of cash, they have massive piles of stocks. Devalue the currency, and their stocks are worth a lot more actual cash