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> Really? Workers have less wealth than rich people so it's OK to steal their wages via inflation. No, workers have less wealth than rich people (no wealth, in
by notahacker 5y ago
> Really? Workers have less wealth than rich people so it's OK to steal their wages via inflation.
No, workers have less wealth than rich people (no wealth, in the case of a sizeable fraction of the population)so it's not OK for rich people to steal their wages by getting "positive inflation adjusted returns without taking on market risk". I mean, where do you think "risk adjusted returns without taking on market risk" come from? They come from other people doing more work for the same cash payment.
- lowkey 5y agoAn FDIC insured bank account is already limited to a specific amount in order to prevent the 'rich' from free-riding. It still isn't clear to me why you would try to justify a system that doesn't allow an average wage earner or pensioner the mere possibility of earning a positive inflation adjusted (not risk-adjusted) return on savings? Why are risk-free inflation-adjusted savings options for the working class a negative thing? That's all Bitcoin really is, on a long-term basis for most people.