[yellow sitting, at a presidential desk] I’ve been thinking… if we tax the rich more fairly, they might just leave the country!
[blue, angsty, sitting in a chair next to the desk] Mr. President… I’m afraid you’re right, we can’t take that risk, we need them
[a rich character smoking a cigar next to a “0% LOANS” luggage] I hate spending and my wealth is unrealized gains, I contribute nothing to the economy
[another rich character is lounging in a deck chair on a beach, cocktail in hand, luggage on the sand] I’ve already left the country a long time ago
[another rich character leans against a stack of cash with a smug grin] My money is all in holdings, I barely pay any taxes
I said deflationary meaning less inflation.
But also, deflation doesn’t stop people spending, it just means the dollar is “worth” more goods, and can stretch further. Can buy more stuff. Inflation means goods cost more, and the dollar is worth less. Can buy less stuff.
These are measures of price. Prices go up = inflation. Prices go down = deflation.
Japan has been in a deflationary economy for 30 years or so, and people were buying and selling stuff the whole time.