Re:The wealthiest 10% of Americans own a record 89% of all U...
by padobson on Monday October 18, 2021 @12:00PM
(#28906923)
Not taxing the rich, capital gains as income, seems to contribute to inflation
I'd say you're half right, here. The Fed prints money spends $80 billion a month on treasuries and $40 billion a month on mortgage backed securities, so if you're a government contractor or you have a lot of real estate assets, you're effectively robbing everyone else's savings and devaluing their wages.
I'd say you're half right, here. The Fed prints money spends $80 billion a month on treasuries and $40 billion a month on mortgage backed securities, so if you're a government contractor or you have a lot of real estate assets, you're effectively robbing everyone else's savings and devaluing their wages.