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> and have even less purchasing power How does that account for items we have today which were unavailable 20-30 years ago? E.g. even if I were rich in 1990 I
by cloverich 6y ago
> and have even less purchasing power
How does that account for items we have today which were unavailable 20-30 years ago? E.g. even if I were rich in 1990 I wouldn't have a super computer in my pocket with access to infinite knowledge and entertainment.
> Inflation hurts anyone on a salary
And anyone with savings.
> They are reaping the benefits of the production processes and leaving everyone else with the pollution.
A CO2 tax would be more burdensome the further you go down the chain. Everyone is reaping the benefits there. Sure, _some_ mega corp executives get extra benefits, but in general waste producing fossil fuel burning ecosystem destroying processes have been the literal thing that has lifted people out of poverty. (To be clear I am very pro environmental regulation, climate change, etc, but am skeptical the impacts won't be felt the greatest at the bottom of the income brackets)
- jfengel 6y ago> And anyone with savings. Anyone with savings that they keep in a mattress, or keep long-term in a checking account designed for short-term savings.