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A comment on 55% of the US National Debt Is the Result of Repaying Debt with More Debt. Parent comment

Re:55% of the US National Debt Is the Result of Repaying Deb... by jrs235 on Thursday July 19, 2018 @12:17PM (#17567742)
I often wonder how many people have thought about inflation as a tax on the poor. It hurts those with less discretionary funds the most. I also think it's ridiculous what the government does and does not include in it's inflation calculation(s).
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Re:55% of the US National Debt Is the Result of Repaying Deb... by khuey on Thursday July 19, 2018 @12:20PM (#17567774)
Inflation is a tax on savers, not the poor.
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Re:55% of the US National Debt Is the Result of Repaying Deb... by jrs235 on Thursday July 19, 2018 @12:28PM (#17567867)
Yes, I forgot savers/creditors.

However, it does affect those whose expenses rise and a) are on fixed income or b) don't get raises as quickly and frequently as the prices of everyday needs increase.

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Re:55% of the US National Debt Is the Result of Repaying Deb... by damptowel on Thursday July 19, 2018 @12:58PM (#17568231)
Inflation is not a tax...

Inflation also reduces the value of old debt in relation to current income.

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