Re:Why inflation is not a threat
by xxpor on Sunday March 14, 2021 @01:01PM
(#26456805)
Most rich are asset holders. No poor people are (by definition). Therefore higher inflation (to a point) is better for poorer people.
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Tell that to the manual laborer working a long shift and swinging by a mcdonald's to get a double cheeseburger because there's no time to make food and who has the energy anyways. Oh also, that double cheeseburger is now $2.19 instead of $1.69
Inflation is good for you!
Re:Why inflation is not a threat
by throwaway316943 on Sunday March 14, 2021 @05:24PM
(#26459382)
Assets keep up with inflation much better than working class wages.