New Economic Perspectives has the article The Dilemma of the Cooperative Gene by J. D. Alt.
The first reality, then, which the cooperative gene must acknowledge is that it is never going to persuade the competitive gene to cooperate towards the equitable creation of collective goods. The only strategy available, it seems, is for the cooperative gene to persuade itself that money is neither a commodity, nor is it scarce—that the narrative hammered out by the competitive gene is, at its very roots, a false and self-serving belief system that puts collective society itself at risk.
If you don’t think the word “gene” is the most appropriate phrase to use, just substitute “a more appropriate phrase” every time you see the word “gene”.
The article may be completely logical and the best way to sell the idea, but I am coming to think that for the sake of reducing fragility, the problem is really that the government has given too much of the fiat currency to the wealthy who are squirreling it away rather than putting it to work in the economy. It might be easier to kiss this money good-bye and just create more money to be put to better use. However, the idle money cannot be ignored. As long as it exists, there is the chance that it will be taken out from under the mattress and put to use just at the most inopportune time in the economic cycle. This will cause inflation.
Better to cut the downside risk of inflation, something the Republicans claim to be worried about, by taxing back the idle “money” and putting it to the use it should have been put to in the first place.