The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Money that just sits in your bank account does not cause inflation.
Neither wealth creation. Why should government create money to somebodys bank account? That is not the function of money. Why should rentier accumulate this capital and not the wealth creator?
If you tax the rentier, you make sure that the rent is paid to the tax man rather than the private rentier.
You don't see the difference?
But that does not make the rent go away - the user still has to pay it.
You keep saying this, but i have never said that rents go away. Labour taxes go away.
What it does do is alter the term structure of the rent - from being paid up front in the asset price to being paid over time in taxes.
Less unproductive debt and interest.
Which is helpful in preventing bubbles, but not make the rent any lower in and of itself.
Bubbles and labour taxes (=wealth transfer from the poor to the rich).
But it does not, unless you allow scammy stuff like negative amortisation loans.
It does, if interest is not a return to productive capital.
by Bernard - Apr 23 24 comments
by Frank Schnittger - Apr 22 47 comments
by Frank Schnittger - Apr 18 11 comments
by Bernard - Apr 10 27 comments
by Frank Schnittger - Apr 11 29 comments
by Frank Schnittger - Apr 10 15 comments
by Migeru - Apr 2 17 comments
by Bernard - Apr 2324 comments
by Frank Schnittger - Apr 2247 comments
by gmoke - Apr 22
by Frank Schnittger - Apr 1811 comments
by Frank Schnittger - Apr 1129 comments
by Bernard - Apr 1027 comments
by Frank Schnittger - Apr 1015 comments
by Migeru - Apr 217 comments
by THE Twank - Apr 2
by Frank Schnittger - Mar 2933 comments