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this post was submitted on 30 Aug 2023
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More money in the hands of working class people + equal or less of working class goods = essentials worth more
The problem would be that working class people need different stuff than rich people spend/invest a bulk of their money on. If a billionaire can't afford a yacht or a mansion that won't effect the price of bread or single family homes if the working class still has an inflated money supply.
I'm not an economists, nor do I have the solutions to any problems, but I think the above concept is pretty set in stone.
Or maybe instead of building a yacht they would build more public housing. If the workers could decide between the two, then I would think there would be more homes and less mega yachts.