Warren Buffett: The U.S. is moving toward plutocracy

Re:Warren Buffett: The U.S. is moving toward plutocracy by orijing on Sunday March 27, 2011 @01:22PM (#2375431)

That's great about income preservation, but what about wealth preservation? No matter how strongly your income growth keeps up (or exceeds) inflation, inflation still naturally diminishes the value of your money (and on the flip side, reduce the debt load).

No talent can protect you from the wealth-distributional effects of inflation unless every penny of your value is in TIPS or something.

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Re:Warren Buffett: The U.S. is moving toward plutocracy by ams6110 on Sunday March 27, 2011 @01:37PM (#2375474)

I think he addresses that in the second point: Next to your own talent the best thing to own is a business with talent. I mean, if you own Coca Cola, it will always be able to command, whatever the currency, a certain portion of people’s earnings or hourly earnings.

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Re:Warren Buffett: The U.S. is moving toward plutocracy by endian on Sunday March 27, 2011 @04:00PM (#2375802)

> That's great about income preservation, but what about wealth preservation?

See http://en.wikipedia.org/wiki/Bitcoin

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