The reason it isn’t more popular is because anyone who understands math, inflation, and even the most basic economics knows that whatever the number is just becomes the new zero.
Picture an apartment building, where the landlord currently charges an average of $500 monthly rent. Those tenants are low income folks, and that $500 is probably their largest expense. What’s going to happen to the rents when the landlord realizes that every single one of them just got a $1,000/month raise?
“Well, they can afford to just move to a better place now” you’ll say. Except all of the other landlords, […]
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