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Inflation is an implicit tax on the working class and savers. How is that not a bad thing? If you're rich, you can keep borrowing money at rock bottom rates to
by rawtxapp 5y ago
Inflation is an implicit tax on the working class and savers. How is that not a bad thing?
If you're rich, you can keep borrowing money at rock bottom rates to invest and get richer, if you're just an average person, everything around you is becoming more and more expensive, yet your compensation doesn't change.
- yuliyp 5y agoInflation is a tax on money (so yes, savers). It's not a tax on labor, nor is it a tax on productive assets. Normally speaking, compensation changes with inflation
- SavantIdiot 5y agoSimple: I'm not naive enough to make reductive arguments about trillion dollar economies.