Thanks, interesting response. Would you not say that the current financial system already does this? New dollars are created, but these are mostly captured by those that currently have the most dollars. Yes, we have inflation, but even looked at in the long run, the risk-free return rate (let alone the average return on equities) beats inflation. In other words — most of those newly created dollars will, in terms of investment returns, end up in the hands of those that currently hold most.

I would say that the solution for this is not to be found in the specific currency that we use, but rather in tax laws. I would be the first to agree with you that our tax laws currently aren’t conducive to giving a “fair shake” to everyone, in most countries in the world, and that this needs to be changed. What do you think?