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by lowkey
1826 days ago
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> Your core argument has, from my view, morphed from "inflation hurts the poor and downtrodden" to "inflation hurts those with a fixed income". No, my argument has always been that inflation disproportionately hurts the poor more than the rich. You are either misinterpreting my words or intentionally being misleading. Again the ‘widows and orphans’ or those on a fixed income references were simply examples. My argument applies to those on low incomes, middle income or even high incomes. Only those wealthy enough to live entirely off investments have the potential to suffer a little less from inflation. I say suffer a little less because even the idle rich suffer from currency debasement - just less than this who are less well off. |
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