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They affect the inflation rate and inflation should be thought of as a tax. And its a tax that primarily affects middle class people that keep their wealth in c
by TearsInTheRain 6y ago
They affect the inflation rate and inflation should be thought of as a tax. And its a tax that primarily affects middle class people that keep their wealth in cash rather than assets.
They also implicitly affect asset prices which is probably one of the primary causes of wealth inequality.
- seppin 6y agoIt's a hidden tax for sure, but it's marginal compared to the returns seen on capital vs labor, and the taxes collected of both forms of income.