Paying salaries and wages are not a wealth transfer, but a transaction, i.e. I give 8 hours of my day to my employer and receive cash in exchange. In this cont

Paying salaries and wages are not a wealth transfer, but a transaction, i.e. I give 8 hours of my day to my employer and receive cash in exchange. In this context the wealth transfer means devaluing wages and cash while inflating assets. The wage earning class got shafted losing purchasing power while the asset owning class made bank. All through the stroke of a pen, basically overnight.