I 100% disagree with that there wouldn’t be any inflation due to it.
The money may not be printed, and the money may not magically appear, however, currently, the rich do hoard their money. When capital is hoarded, especially for long periods of time, it is effectively taken out of the market. Should all money that is hoarded suddenly go into the hands of people (ie money that was not there, suddenly is), the supply of money is increased. When supply of money is increased, inflation occurs because aggregate demand increases, meaning people are buying more, which means supply of […]
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