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no. The rich have assets and usually leverage. Inflation will help them.get richer. People relying on cash lose out e.g. salaried employees
by bbcbasic 10y ago
no. The rich have assets and usually leverage. Inflation will help them.get richer. People relying on cash lose out e.g. salaried employees
- kashkhan 10y agorich actually hold financial assets. the middle class owns houses, often half their wealth or more. Bill Gates doesn't live in a $40B house.
- bbcbasic 10y agoHe doesn't have $40B in cash.
- marcofloriano 10y agoNo, but he "lives" in a $40B company. Money is not an asset in it very essence. The financial instruments you put money in are. Money for money is pretty much useless if you can't convert it onto assets.