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Invested wealth grows faster than inflation, almost always. Wealthy people are disproportionately protected from the effects of inflation because they can inves
by robotresearcher 9y ago
Invested wealth grows faster than inflation, almost always. Wealthy people are disproportionately protected from the effects of inflation because they can invest more. Poorer people spend their income.
- learnstats2 9y agoWithout inflation it grows even faster. Warren Buffet literally describes inflation as a tax - I agree with that. Taxes are [should be] a way of redistributing wealth more fairly. Responding to your later edit: yes, wealthy people have more opportunities that come from wealth, and therefore can expect their wealth to collect more wealth disproportionately quickly. Inflation does work to correct this.
- skookumchuck 9y agoInflation is a tax. You're also explicitly taxed on the fake capital "gain" from inflation.
- deleted 9y ago[deleted]