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anonuser123456 | 1 year ago

I hate to break it to you, but the rich are taxed on nominal gains, not real.

Holding assets during inflationary periods means paying a higher percentage of your real gains as taxes.

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npoc|1 year ago

Not if you borrow against your assets, using nominal gains to obtain more and more loaned money. That's tax free and with hard assets such as real estate, the nominal gains far outweigh the interest.

ponow|1 year ago

I wish I knew how to play that game. It's a game primarily played by the rich, and is part of the reason that the primary losers from inflation are poor.