Re:Economists Are Rethinking the Numbers on Inequality
by usefulcat on Wednesday December 04, 2019 @10:01AM
(#21702700)
> Inflation IS a tax on wealth.
Only for wealth stored as currency. For debts, inflation effectively transfers money from lenders to borrowers by reducing the value of debts. Other things, for example stocks and real estate, are only nominally affected by inflation.
Only for wealth stored as currency. For debts, inflation effectively transfers money from lenders to borrowers by reducing the value of debts. Other things, for example stocks and real estate, are only nominally affected by inflation.