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> But people should be able to save. If everyone saves, the economy will collapse. Every dollar you save is a dollar that someone else doesn't earn. In an inf
by vkou 3y ago
> But people should be able to save.
If everyone saves, the economy will collapse. Every dollar you save is a dollar that someone else doesn't earn.
In an inflationary environment, people can still save by buying equities.
This has tax and timing implications... But it's still possible.
> Without having to take up a loan to do so.
The existence of 25, 30, 35 year mortgages driving housing prices into the stratosphere is a separate problem, but not one you're ever going to unwind without having existing mortgage holders stringing you up from a lamp post.
That's a completely separate issue to inflation.
- ClumsyPilot 3y ago> If everyone saves, the economy will collapse. Every dollar you save is a dollar that someone else doesn't earn Where is the plan to make billionaires spend all their savings? That’s the money I personally didn’t earn! Or is it saving for them, nothing for me?
- Kranar 3y agoBillionaires have very little in savings relative to their wealth. Most billionaires have their wealth tied to ownership of a small number of companies, usually ones they founded.