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Without 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
by learnstats2 9y ago
Without 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]