> Almost an aside, but taxing people only on their savings would be truly bizarre.
It happens all the time, it's called property taxes.
It happens all the time, it's called property taxes.
Not exactly, if the government prints money, then the value of the dollar will decrease, but it the value of other assets will increase to adjust for the lower dollar value. So while printing money can be thought of as a tax on cash savings, it's not a tax on all assets (e.g., stocks, property, etc.).