Maybe not. Maybe there will be no wealth to be redistributed. If they print "enough" money, most everybody's wealth will become dust. (That's the unthinkable, of course.... mostly because nobody dares think it.... but it has happened many times before).
You may be stating an opinion about something you know very little. If inflation does "roar back" that would be a confirmation that the government is not following an MMT model, but something else. Do you remember in 2009 all the dire predictions on ET of the coming hyperinflation due to QE. I do. Were you one of those making that prediction? Instead of inflation roaring back, the economy roared back. Well, OK, it didn't roar so much as it followed a steady course of recovery from a deep, deep recession. Had the same economic measures that were applied in the Hoover administration and the early Roosevelt administration been applied, there is little doubt the economy would have got worse, not better. Something economist Randall Wray wrote many years ago has stuck with me. He said the conventional view of government spending, taxing, deficits and bond sales completely misunderstands the nature of these government features. After studying economics for quite a few years now, I am convinced he is right.
Probably you are right. My concern is that even though a skewed wealth distribution, according to Piketty, is a natural result of the return on capital being greater than the growth rate of an economy, an extremely skewed wealth distribution is destabilizing for society and its government. It is bad for everyone, including the very wealthy. It can lead to very serious consequences. We could ask Marie Antoinette or the Romanov's about that if only they were still alive.
Hah, I love how your messages have gotten angrier over last few months. I guess going all-in stocks at the top and advocating others to do so as well didn't work out quite how you planned? I always thought you were one of the dumbest ET posters, but lately it's been absolutely hilarious to follow your demise
you are one of those idiots I want to knock dead with my money bag... yes I am angry... at the fact that there are too many idiots around.
I bought in at the top, Dozu, on the Wednesday at the peak before the market started dropping the next day, back in middle of February. I'm still waiting for my risk free virgins.
Maybe you should give space to the thought that the people around you aren't the idiots, but it was you all this time. And maybe you have realized it finally, and that is why you're so angry. That, or the shelves were empty of tampons.. Oh, and you need to get the money bag first.
The national debt could be payed off several times over if it was not for the private enterprise with it's closed books called the Federal Reserve which takes trillions out of the economy to fund foreign/domestic gambling & corporate welfare for which they have large stakes in. Private banks control the government, not the other way around. Thomas Jefferson stated, "If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered."