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Comment by yayr

This may be unpopular, but the hard thing in this discussion is to differentiate between consumption and investment. It does not help much to take wealth in terms of equity paper money away from people who know how to invest it efficiently and distribute it. On the other hand, there are minimum basic needs for consumption of food, health services, shelter, education etc. I agree that the system to finance those services is broken. But then fix the system and don't only focus on punishing people when they build economically viable organisations that even help to support the economy in such a crisis.
parent yayr 5 years ago

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