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ejb999 | 1 year ago

That is such a bizarre statement I have a hard time believing you actually mean it. I think you would be hard pressed to find any/many 'working class' people who enjoy watching the cost of goods and services go up faster than their salaries.

The rich benefit from inflation - especially if they have lots of assets like real estate that have increased dramatically in value.

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madsbuch|1 year ago

that is cost inflation. there is also salary inflation, which indeed is a part of the general inflation.

inflation is the reason why it makes sense to own you house.

please enlighten me on how rich people benefit from (salary-)inflation

ejb999|1 year ago

If you are rich and own multiple houses or other expensive assets, they appreciate even faster during times of high inflation…compare that to a young working class couple hoping to someday buy their first house which continually gets farther out of reach…which ones are most hurt by inflation?