Quote:
Originally Posted by PR_Glen
i don't want to speak for any other countries here but if we did something like that I don't think people wouldn't necessarily quit their jobs in hoards but one thing I guarantee would happen is a loaf of bread would jump to $20... and everyone would be worse off than they were because inflation would be through the roof.
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If there is inflation because of this, it is one time inflation and your salaries will adjust accordingly. The real value for this provided sum is of course then smaller, unless it is inflation adjusted too.
But as your tax rate would rise almost certainly, your available income wouldn't rise that much and thus there is less inflation.