I don't see how this will work, unless every country does this, or your currency becomes non-convertible.
And even then, you would still be able to buy stocks, expensive jewelry, gold, houses and so on.
And even then, you would still be able to buy stocks, expensive jewelry, gold, houses and so on.
You say this as if tax fraud is a consequence free activity.
>And even then, you would still be able to buy stocks, expensive jewelry, gold, houses and so on
Sure, but everyone will do that, so those asset prices will surge making it a poor investment
Yes, that's the idea! The point of negative interest rates is to force people to buy things, thus jacking economic growth like caffeine to a coffee addict. So this is hardly any solution.