Re:Apple becomes first U.S. company to reach a $2T market cap
by baconandeggs on Wednesday August 19, 2020 @02:21PM
(#24213985)
Inflation is wealth inequality. It benefits disproportionally the rich, and when done as part of QE it goes straight into assets like AAPL.
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Re:Apple becomes first U.S. company to reach a $2T market cap
by Nasrudith on Wednesday August 19, 2020 @05:13PM
(#24216590)
Technically it benefits those with share of productivity be it income or assets or in enough debt that the diminishment of existing value helps them more than it hurts.
The people that applies to may be largely rich in any given instance in practice but this bit of pedantry is important as "rich" are not homogenous in their interests.