On top of the fact that income tax on the wealthy is really just a second sales tax on the middle class.
rich people are diversified. inflation is a second income tax on the middle class.
-
-
-
in fact wealthy people aren't generally hit by an income tax at all
- Show replies
New conversation -
-
-
So you’re saying money printing incentivizes people to get rich. Sounds good to me.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Inflation hurts poor people the most. The prices of the bare essentials constantly rise but wages stay flat.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I've lived around the rich and middle class. Inflation benefits homeowning middle class families. Asset prices are central to the identity of the rich, and inflation can wreak havoc on discount rates.
-
key word "homeowning"
- Show replies
New conversation -
-
-
Depends on the rate of wage/salary inflation relative to CPI and asset price inflation.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The worst part is it’s a tax that’s decided on by people we didn’t vote on
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
inflation is a math test: 10 years of 10% inflation -> 1 x (0.9)^10 = 0.35
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Not if they have a mortgage.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.