4 ms·
Yes, it is similar to how creating inflation by the government is just a way to tax poor and the middle class, without actually rising taxes.
by kukx 6y ago
Yes, it is similar to how creating inflation by the government is just a way to tax poor and the middle class, without actually rising taxes.
- rowls66 6y agoWrong. Inflation is a way to tax lenders, and reward debtors who get to repay their debts with less valuable currency. As the poor and middle class are more likely to be net debtors, they tend to benefit from inflation.