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> ...the system is allowing the rich and powerful to use inflation to suck money away from everyone not heavily in the market (especially the poor as inflation
by tablespoon 5y ago
> ...the system is allowing the rich and powerful to use inflation to suck money away from everyone not heavily in the market (especially the poor as inflation is a highly regressive tax) and into their own pockets through increases in valuation.
It's not that simple. You're talking like poor people are debt-free and keep jealously-guarded meager savings in cash. However, chances are they have far more debt than assets and no savings whatsoever, so inflation doesn't hurt them (so long as their wages keep up) and may even help them.
I'm not sure if this actually applies to you, but your comment reads a bit like cherry-picking in the name of some ideological fixation (e.g. crypto/gold bug opposition to the idea of inflation. leading to attempts to paint inflation as the worst thing ever).