How stupid are you? Inflation is a tax on the middle class. The only group who pays taxes and do so at a rate significantly higher than "their fair share".
No, being poor is a tax on the poor. Quit posting low iq bullshit.
Inflation is a tax on everyone.
I characterize it as theft on everyone. Sure, it affects the poor the most since they can't live on the wages they make normally. But theft is theft.
its a tax on those without a money printer
Fiat currency is a joke
Theoretically, inflation benefits the poor, since their debts can be paid off with less valuable dollars than when they borrowed it.
In order to really exploit this benefit, it's best to be a rare and very specific type of poor. In addition to having few liquid assets, you also should have excellent credit and the political influence to, if not personally effect, at least be forewarned about macroeconomic trends.
(post is archived)