The poor will then give it back to the rich in higher prices for the same amount of stuff.
The only real way to tax the rich is to ensure that the rich have to compete for workers by paying competitive wages
The only real way to tax the rich is to ensure that the rich have to compete for workers by paying competitive wages
there are all sorts of losses inherent to poverty that shouldn't be discounted, like the inability to save via bulk purchasing, transportation, high cost credit, preventative spending, time losses...
in theory eliminating the poor by literally giving them money could have an impact that makes society better for everyone... it's very reductive to assume there's just one big knob that the rich can turn to get it all back
Taxes on the rich are like increased power bills. Businesses pass on costs at a markup.
They can do that because you need a job to eat and they only need to hire if there is a profit to be had.
at the very least locking up a trillion dollars with some douchebag isn't a reasonable strategy against inflation