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It appears to me as though "magically" the wealthy always seem to manage to store their wealth in some form that isn't devalued by inflation (real-estate, ...)
by ephbit 5y ago
It appears to me as though "magically" the wealthy always seem to manage to store their wealth in some form that isn't devalued by inflation (real-estate, ...) whereas the poorer people are, the fewer possibilities to do something similar they have (in the traditional money system).
So systematically, inflation hits the poorer people more. Yes, a deflationary currency would maybe benefit the already wealthy more than the poorer, but somehow I don't need to hesitate which one (inflationary, deflationary) I'd rather choose.
- verall 5y agoI completely agree, systematically, inflation his poorer people more. This is not a prerequisite for inflationary money systems in theory, but it is the state of Earth's inflationary money systems. A deflationary currency does not maybe benefit the already wealthy, it directly imparts "real value" proportional to held currency. If you have ideas for a deflationary system that solves this, through wealth taxes or something, I am all ears. > somehow I don't need to hesitate which one (inflationary, deflationary) I'd rather choose Because relative to most people, you are wealthy! How are young people supposed to find work in a deflationary system?