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A comment on The more complex crypto seems, the higher the pyramid schemes can go. Parent comment

Re:The more complex crypto seems, the higher the pyramid sch... by rawtxapp on Sunday April 25, 2021 @03:41PM (#26935904)
Inflation is an implicit tax on the working class and savers. How is that not a bad thing?

If you're rich, you can keep borrowing money at rock bottom rates to invest and get richer, if you're just an average person, everything around you is becoming more and more expensive, yet your compensation doesn't change.

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Re:The more complex crypto seems, the higher the pyramid sch... by yuliyp on Sunday April 25, 2021 @04:26PM (#26936348)
Inflation is a tax on money (so yes, savers). It's not a tax on labor, nor is it a tax on productive assets. Normally speaking, compensation changes with inflation
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Re:The more complex crypto seems, the higher the pyramid sch... by SavantIdiot on Sunday April 25, 2021 @05:23PM (#26936811)
Simple: I'm not naive enough to make reductive arguments about trillion dollar economies.
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