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kukx
1959 days ago
Yes, it is similar to how creating inflation by the government is just a way to tax poor and the middle class, without actually rising taxes.
1 comments
rowls66
1959 days ago
Wrong. Inflation is a way to tax lenders, and reward debtors who get to repay their debts with less valuable currency. As the poor and middle class are more likely to be net debtors, they tend to benefit from inflation.
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