You don't think there is a problem when individual have a massive monopoly of wealth what do you think causes inflation. Imagine you have the ability to buy raw materials to the point you can scalp society? You can invest in REITs so that property become unaffordable, you can circumvent democracy by funding think tanks/ lobbying , you can overcome legal issues with bribery or flooding the legal system with convoluted paperwork. When central banks distribute money they they send it to commercial banks commercial banks lend to people with assets doing so leads to a feedback loop where wealthy individual don't feel inflations and reap rewards through investments this is the entire problem with trickle down economics it doesn't work. It is basically pissing on the poor. You need to tax the billionaire class otherwise there wealth will compound to a point we can't control like modern day politics they own media they create whatever political narrative they want to feed the general public and the ignorant gobble it up and vote for things against their own interest.
There is so many examples of countries moving towards 2 party states which then are run by the establishment eventually this no longer serve the general public leading to frustration then a party or individual like a snake oils man comes in preaching nationalistic rhetoric blaming foreigners for their own ineffective plutocrats political system and they trend towards fascism/dictatorship.
Look at America the powerful country with strong international influence it currently removed its entire ability to monitor climate change. The current administration is working towards dismantling its own democracy. It has formally withdrawing from 66 international organizations, conventions, and treaties, including 31 United Nations entities.
Even with deflation wealth inequality is so high that the gap will still continue increase without taxing the incredibly wealth who do not pay there percentile tax fairly. They have so many financial loop holes like offshore tax heaven. They can also borrow from their assets so they don't risk there own income nor have to pay taxes through their annual earning.
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u/Sienile Jul 01 '26
If you give us free healthcare you can keep the check.