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> Inflation only matters from the time you receive your paycheck to the time you invest it in productive assets or buy the necessities of life. This statement
by TearsInTheRain 6y ago
> Inflation only matters from the time you receive your paycheck to the time you invest it in productive assets or buy the necessities of life.
This statement just reeks of entitlement and elitism. This is not how most americans live their lives. Stock ownership is highly correlated with income and education. Inflation is a regressive tax on the financially illiterate.
- arcticbull 6y agoNo, it's not. Inflation doesn't affect those who don't have money because they don't have money. Wages have kept pace with inflation, housing on a dollars per square foot basis, on average across the US has kept pace with inflation since the 1970s. In places where it's more expensive, it's a function of zoning rules. Stock ownership is correlated with wealth and wealth inequality is a real problem. So is income inequality. They both have nothing to do with inflation. You take that up with Congress not with Janet Yellen. Poor people are poor because they don't have money, not because their non-existent savings are being inflated away, and not because their flat-after-inflation payroll has been chipped away at. They were born into a monopoly board with hotels on every square, because of the roughly 0% estate tax.
- XorNot 6y agoAnyone with a mortgage is actively benefiting from inflation.