UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years

Re:UK: Food inflation rises to 18.2% as it hits highest rate... by ajmurmann on Friday March 24, 2023 @12:47PM (#35291814)

I first really liked the athlete example, but now think that that also depends on where the athlete is in their career and what they have done with their past income. A athlete a little bit later in their career, should have substantial investments unless that more than make up for the inflation impacting the value of their current salary. They probably also have a steady stream of sponsorship deals that get (re-)negotiated more frequently than salary at McDonald's

Very similar dynamics probably hold almost by definition for anyone who is wealthy.

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Re:UK: Food inflation rises to 18.2% as it hits highest rate... by RC_ITR on Friday March 24, 2023 @04:55PM (#35295335)

>A athlete a little bit later in their career, should have substantial investments

Yes, that makes them a capital owner, but it's hard to make a metaphor where people aren't allowed to buy stocks with their excess money.

>They probably also have a steady stream of sponsorship deals that get (re-)negotiated more frequently than salary at McDonald's

Sure, but that still makes them worse off than a capital owner.

>Very similar dynamics probably hold almost by definition for anyone who is wealthy.

Sure, but a relatively low-wealth landlord is hurt less than a wealthy banker who consumes most of their salary. That's the only point- that it's more than rich/poor, even if the true nuance is correlated to rich/poor.

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