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It's much more accurate for me to point at the OP's story and say "this is the world that inflationary currency leads to". Because clearly we're living under in
by ef4 13y ago
It's much more accurate for me to point at the OP's story and say "this is the world that inflationary currency leads to". Because clearly we're living under inflationary currencies, and clearly wealth inequality is a big issue.
The rich aren't stupid. They own inflation-proof assets like real estate and stocks. It's the poor who get continually squeezed on their meager cash savings and hand-to-mouth wages. It's the poor who rent instead of own, who get burned by housing inflation.
We would have a much stronger middle class if it was possible to build a nest egg simply by putting money in the bank. Instead, everyone is pushed into much riskier investments in an effort to beat inflation, where unsophisticated investors are easy prey.
- userulluipeste 13y ago"They own inflation-proof assets like real estate" But such assets are taxable, and those spoiled rich people are probably paying, don't they?