When did you realize inflation is a tax on the poor?

And why are no one talking about that

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Poorfags are irrelevant that's why

Inflation is a tax on the old. And since the old are currently boomers, I don't fucking give a shit. Mr. Fed Man, print more money!!!!

I realized it about 11-12 years ago when I was 19 or 20. Most people are too dumb to think about these sort of things. You have a whole class of court-intellectual economists and pundits who provide cover for it. I mean it's also a tax on the middle class, anyone who isn't close to the money spigot and reaps the previous level of purchasing power before it's devalued.

How

Every old fag I know has a shit ton of assets

Actually it's a tax on people who hoard cash and not other assets.

Inflation reduces the real value of your liabilities, so if you're a poorfag who is probably drowning in debt, you'd end up paying off less (if you were to capable of paying it all off during a period of high inflation).

no, since low interest rate leads to higher house prices

right, and who has most real assets vs cash?

It's not, it's tax on the rich.
Buy house for $100k
Cumilative 10 year inflation 25%
Sell for $125 after ten years
Real gain = 0
Nominal gain = $25k
Income tax = $25k*rate
Result: wealth tax
Poor people have no wealth

Me.

are you brain dead? the rate of inflation and value of real estate don't move at the same rate.

That's an example.

it's a tax on anyone who isn't a part of the 30k or so elites of the world, man

murdering commies in cold blood

Youre all wrong. Inflation is a tax on the wageslave.

CPI shows inflation rates of 2%, its probably closer to 3% due to housing market appreciation.

So then, your boss gives you a 4% raise to keep you happy and discourage you from switching jobs for more pay.

In reality you're only making 0-1% more than last year. By the way, 4% raises are considered generous. The average is prob 3.2% right now, if I remember correctly.

So basically, peoples incomes arent going up even though productivity rises, and the businesses (which the wealthy own) get richer.

So wagecucks get fucked the hardest by inflation, and business owners & investors win.

The welfare state couldn't be paid for without inflation tax. Get rid of welfare = get rid of inflation tax.

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And just to add to this, 3.2% wage growth is a high level, that hasnt been seen in years. Employees are making less money than they were in the 90s in real terms.

It’s not a real one. That doesn’t ever happen. Seriously are you retarded?

thats literally what I said

*crack*
*sips*
*ahhh*
yep, that's why I buy silver

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Much like yourself, on or around my 15th birthday.

(except welfare for Israel)

Everyone on this board should read "the creature from Jekyll island"