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> Inflation is a tax on wealth but not income (which rises with inflation.) Not really. Inflation is a tax on those who don't have access to inflation-adjusted
by ucaetano 9y ago
> Inflation is a tax on wealth but not income (which rises with inflation.)
Not really. Inflation is a tax on those who don't have access to inflation-adjusted returns. If inflation is steady, wealth isn't taxed.
But unexpectedly increasing inflation is a tax on wealth.