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> Not true, in the slightest Your opinion differs from the field of economics where they actually study this sort of thing. http://en.wikipedia.org/wiki/Infla
by rogerbinns 14y ago
> Not true, in the slightest
Your opinion differs from the field of economics where they actually study this sort of thing. http://en.wikipedia.org/wiki/Inflation#General http://en.wikipedia.org/wiki/Inflation#General
> Inflation benefits those with income producing assets, like rental property
Huh? The value of an asset is determined by what it produces in the future, both actual income and utility. Inflation adds risks to that - for example for the income to remain constant, the rental prices charged have to go up by the rate of inflation each year which people hate. Inflation introduces volatility in the face value of money which makes things riskier (eg loans to buy/build the rental property have to take that into account).
> Inflation is a trick to make the rich richer. All the evidence points that way.
Inflation devalues savings which is what the rich have and the poor don't have. If you could produce any of this evidence (let alone "all the evidence") you'd completely revolutionize economics. (Or you could be wrong.)
> You pay 40%+ in income taxes right now
No. You pay it once at the point you earn it. With your scheme you keep paying the taxes over time. The longer you save it the more goes away in taxes.