Re:Federal Reserve raises rates by 0.75%
by mbfg on Sunday June 19, 2022 @02:28PM
(#31801969)
A much higher percentage of what poor people buy is necessities compared to their salaries. They have much less choice as to buy or not. If a rich person were to buy at the rate a poor person does, it would be almost completely on frivolity. Sales taxes, imo, are especially targeted at the poor.
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