Its also drawing real resources away from other things. The real estate used on these luxury failures had other potential buyers and raises costs across the board as it competes for chip factory space, marketing, etc.
If the money was taxed out of circulation it actually does essentially vanish, increasing the value of every remaining dollar if the state budget remains unchanged - its the easiest way to reduce inflation.
Black_Gulaman@lemmy.dbzer0.com 9 months ago
yeah it gets distributed in the economy and gets absorbed in the system. at least it’s not being hoarded or funneled outside the country.
the other poster is just parroting things they do not understand.