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It’s kind of a tax on the middle class, but the middle class also has mortgages (it’s kind of the defining quality of being middle class, without one you’re way
by thehappypm 5y ago
It’s kind of a tax on the middle class, but the middle class also has mortgages (it’s kind of the defining quality of being middle class, without one you’re way more likely to be lower class) and with high inflation + mortgage, your debts are shrinking faster than your assets.
- landemva 5y agoAnd when you go to sell your house after the price triples, you get taxed on alleged gains. But the gains basically kept up with the ramp in energy prices and other necessary commodities. So you kept pace with the baseline while you get taxed as if you are 3x richer.