Why rich people hold more money than poor people do

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Reference no: EM13209495

Is it true that rich people hold more money than poor people do?

Do rich people hold a higher percent of their income as money than poor people?

Compared to an income tax, does an inflation tax place a greater or lesser burden on the poor? Explain.

Are there any other reasons why engaging in an inflation tax is not a good policy?

Reference no: EM13209495

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