Re:How will the US debt situation play out?
by kypro on Tuesday April 09, 2024 @10:33AM
(#39979866)
> Slightly above ‘average’ inflation-levels, compounded over time, creating an intrinsic tax on wealth
Inflation is great for asset owners to be fair... If you own property or stocks inflation is very welcome thing. Inflation sucks if you earn a fixed wage with little bargaining power. Small businesses may also struggle to pass on the inflation on to consumers.
Inflation is great for asset owners to be fair... If you own property or stocks inflation is very welcome thing. Inflation sucks if you earn a fixed wage with little bargaining power. Small businesses may also struggle to pass on the inflation on to consumers.