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This is utter ballocks. Inflation affects everyone equally, there is no reason why people with enough unneeded income/capital to invest it should get tax breaks
by dtech 11y ago
This is utter ballocks. Inflation affects everyone equally, there is no reason why people with enough unneeded income/capital to invest it should get tax breaks.
You know who really suffers from inflation? Minimum wage workers who's wages do not go up despite inflation.
- iopq 11y agoAgain, like I showed in my numbers, it's NOT a tax break. It's offsetting inflation. You pay very little inflation on your income this year, but you paid inflation "tax" on those investments from years ago you sold today.