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Income-generating assets are doing something to generate that income, which is presumed to have some beneficial effect on the economy more than cash sitting under your mattress does.
Yeah it only works on the money. Holding income-generating assets isn’t affected because people can increase rents to maintain the same income stream.
Income-generating assets are doing something to generate that income, which is presumed to have some beneficial effect on the economy more than cash sitting under your mattress does.