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"To force those with cash to use it productively"

Near-zero interest rates and even a tax on bank deposits are necessary to force those with cash to use it productively.

Even the headline says “Punish savers.”

Big, useless, wasteful spending got us into this mess. Punishing the savers is foolish. Especially since this wont actually do anything except make the poor who are barely scraping by even poorer because they will be punished for having money. The rich will just write-off or otherwise dodge this tax through a loophole and continue not spending money. That’s why they’re rich, and we’re not. Because they spend less than they make.

Greed, pure and simple got us into this monumental cock-up, the Great Financial Cock-Up of the 21st Century (otherwise known as Depression 2.0)

And lest you think this person be alone, read the rest of the blog I found the link on.