this post was submitted on 16 Feb 2026
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A Boring Dystopia

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[–] Cantaloupe@fedioasis.cc 4 points 2 months ago

The devs never patched the infinite money glitch.

[–] Formfiller@lemmy.world 4 points 2 months ago

They also have bank accounts here and in the Cayman Islands

[–] DarrinBrunner@lemmy.world 3 points 2 months ago

They set up LLCs in Nevis, a tiny island nation that doesn't disclose who owns what business. The filthy rich use these mailbox businesses to buy real estate, and launder money. None of it can be traced back to them.

https://www.theguardian.com/news/2018/jul/12/nevis-how-the-worlds-most-secretive-offshore-haven-refuses-to-clean-up

[–] maplesaga@lemmy.world 3 points 2 months ago* (last edited 2 months ago)

Isnt this monetary policy rather than taxes?

If we didnt make borrowing so cheap then it wouldnt be cheaper to borrow to avoid taxes. QE has huge effects on making the rich richer, as wages are debased via the money printer.

https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1108.pdf?sc_lang=en

Its the same with a minimum income, why have a minimum income if you're just going to deliberately actively erode it via inflation and growing the money supply 7-8% a year?

Its also the obvious cause of the housing crisis, which lets people profit off the cantillon effect utilizing cheap credit, which disadvantages the poor and the young who own less collateral. Those with the best access to credit profit, and those with the least are debased to feed the rich.

[–] hexabs@lemmy.world 3 points 2 months ago (6 children)

Might be a silly question –
Why not get taxed by selling it once and for all instead of paying interest on the loan against it for years.

In the long run won't interest surpass the one time tax?

Also assuming they invest the surplus after the sale, it should be the cheaper option.

[–] Capitao_Duarte@lemmy.eco.br 8 points 2 months ago (2 children)

Can't say much about US, but in my country if you get 100k assured by an investment of 100k, for exemple, you pay 1.2% in the loan, but the investment keeps going up by 1.1%. So you pay 0.1% for the 100k. A LOT less that you'd pay if getting your own money back

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[–] Etterra@discuss.online 3 points 2 months ago

They also inexplicably all have grand pianos.

[–] deHaga@feddit.uk 3 points 2 months ago (5 children)

If all the assets are secured by loans, then they inherit fuck all. They don't magically not owe loans or pay interest.

[–] davad@lemmy.world 6 points 2 months ago (1 children)

For the ultra wealthy, the value of their assets goes up faster than the interest rate of the loan.

[–] deHaga@feddit.uk 6 points 2 months ago

Yep, you need a proper market crash for the loans to be called in. That's when it gets fun.

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[–] whotookkarl@lemmy.dbzer0.com 2 points 2 months ago

Inheritance is wealth centralizing and anti democratic without severe restrictions

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