Not promoting violence in any way. Just kind of a thought exercise.

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[–] 0 points 5 months ago (1 child)

i think this is a poor understanding of how it works in practice, but in theory this is nearly correct

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  • [–] 4 points 5 months ago*

    It's not a poor understanding, just simplified.

    The major problem is that banks will give them loans using speculative assets as collateral. Easy fix is to both tax the collateral as a realized gain, and the loan as income.

    But their wealth is mostly in non-liquid assets, not a bank account.

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