LibertyGal on Nostr: The government loves inflation. They get to pay off their debt with less valuable ...
The government loves inflation. They get to pay off their debt with less valuable dollars and they get to collect taxes on "capital gains" that are mostly, or entirely just inflation.
Sadly, most people, when looking at their gains, don't take inflation into effect. If you make 5% gains, but inflation is 6%, you've actually lost 1% in purchasing power. If you had 7% in gains, but inflation is 6%, you've only made 1% on your money. Of course right now, real inflation is much higher than 6%.
#inflation #grownostr #taxes #debt
Sadly, most people, when looking at their gains, don't take inflation into effect. If you make 5% gains, but inflation is 6%, you've actually lost 1% in purchasing power. If you had 7% in gains, but inflation is 6%, you've only made 1% on your money. Of course right now, real inflation is much higher than 6%.
#inflation #grownostr #taxes #debt