But the biggest tax ... the one that impoverishes the most people ... is the inflation tax. This literally makes the rich richer, and the poor poorer. Because rich people hold real property, while poor people are trying to "save money".
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Replying to @Nobody4Governor @OregonRolledA20 and
...No it doesn't, it's a "stealth tax" on wealth, which by definition the rich have and the poor do not
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Replying to @arthur_affect @Nobody4Governor and
The actually POOR poor have negative wealth, ie debt The Christian moralizing about debt that underlies this wacky goldbuggery is thinly disguised contempt for the poor, as much as people deny it
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Replying to @arthur_affect @OregonRolledA20 and
The actually poor can't get loans. You know who has a lot of debt, though? Donald Trump.
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Replying to @Nobody4Governor @OregonRolledA20 and
And his creditors are also very wealthy people and institutions, not "the poor"
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Replying to @arthur_affect @OregonRolledA20 and
Who also hold most of their assets on something other that dollars. As a matter of fact, they are mostly short dollars, since that is what the poor people deposit into their bank accounts.
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Replying to @Nobody4Governor @OregonRolledA20 and
Actually poor people, by definition, don't have dollars in their bank accounts
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Replying to @arthur_affect @OregonRolledA20 and
You can have several dollars in your bank account, and still be poor, by the latest standards of poverty.
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Replying to @Nobody4Governor @OregonRolledA20 and
Okay and if you have like $50 in your bank account inflation hurts you a lot less than someone who is a major creditor and hold the paper on $50 million of other people's debt
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Replying to @arthur_affect @OregonRolledA20 and
What hurts you is that the prices of the homes you are trying to get are rising faster than you can save money.
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Nah, that really isn't what hurts you when you're poor You have a very weird definition of what "poor" means
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Replying to @arthur_affect @Nobody4Governor and
(I'm being facetious, it's not weird, it's the whole Ron Paul definition of "poor" as "frustrated petit bourgeois")
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