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2010年开始的通货膨胀导致了负利率的出现。负利率本质上是国家向存款者征税,加大了收入结构的失衡,也抵消了经济结构调整的政策功效。因此,通过负利率“征税”的宏观效益,往往被经济结构劣化、资产价格泡沫导致的经济风险所抵消。当前,结束负利率时代,结束向储蓄者征税的呼声很高,因为负利率还是资产价格泡沫的直接推手。比如,地产已经成为财富转移的工具,出台房产税是均贫富的政策;今年货币政策的重点是控制物价上升,防止负利率出现,因为在负利率下,只要
Inflation started in 2010 led to the emergence of negative interest rates. Negative interest rate is essentially the state taxation to depositors, increasing the imbalance of income structure, but also offset the policy effect of economic restructuring. Therefore, the macroeconomic benefits of negative interest rates “taxation ” are often offset by the economic risks of deteriorating economic structure and asset price bubbles. At the present time, ending the negative interest rate era has put an end to the taxation of savers because the negative interest rate is also the direct promoter of the asset price bubble. For example, real estate has become a tool for the transfer of wealth, the introduction of property tax is a policy of both rich and poor; monetary policy this year, the focus is to control the price rise to prevent the negative interest rates appear, because the negative interest rates, as long as