3 ms·
Most rich are asset holders. No poor people are (by definition). Therefore higher inflation (to a point) is better for poorer people.
by xxpor 6y ago
Most rich are asset holders. No poor people are (by definition). Therefore higher inflation (to a point) is better for poorer people.
- dnautics 6y agoTell that to the manual laborer working a long shift and swinging by a mcdonald's to get a double cheeseburger because there's no time to make food and who has the energy anyways. Oh also, that double cheeseburger is now $2.19 instead of $1.69 Inflation is good for you!
- throwaway316943 6y agoAssets keep up with inflation much better than working class wages.
- xxpor 6y agoThat might be true today, but wasn't during the last high inflation period of the mid-60s to early-80s.