Paywalled, but what I should clarify is income generating assets. If you live on an income inflation is negative vs individuals who mostly gain from assets aren’t affected by it and thus grow their real wealth.
No one is forcing anyone to become owners of assets, but in practice anyone (even the poor) can become asset owners, as assets can be more than just a home. Putting $30/mo into financial assets is attainable by anyone.
Poor financial decision making will always be present, and the idea is to encourage (but not force) people to make rational economic decisions.
ryanschaefer|2 years ago
clay_the_ripper|2 years ago
No one is forcing anyone to become owners of assets, but in practice anyone (even the poor) can become asset owners, as assets can be more than just a home. Putting $30/mo into financial assets is attainable by anyone.
Poor financial decision making will always be present, and the idea is to encourage (but not force) people to make rational economic decisions.