Re:Why the 2% Inflation Target? (2023)
by bawolff on Friday March 22, 2024 @05:25PM
(#39795029)
> I see it as a wealth tax and I agree
Inflation is like the opposite of a wealth tax - it affects poor people much more then rich people (since rich people have more of their wealth in owning assets which are less affected by inflation).
Inflation is like the opposite of a wealth tax - it affects poor people much more then rich people (since rich people have more of their wealth in owning assets which are less affected by inflation).