Inflation is a weapon of rich people to rob and exploit poor people. - Politics Forum.org | PoFo

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#15028553
Inflation is a weapon of rich people to rob and exploit poor people.

2% target inflation is generally an invention by rich people to enslave, exploit poor people.

Rich people own many properties, own shares in companies. Mostly the amount of liquid cash held by rich and poor people is about same since rich people prefer to hold little cash because they know that inflation will erode the value of cash at the rate at which they have set inflation at.

Inflation helps the rich to remain rich always because the poor will always have to work since their savings are eroded significantly by inflation and they have little property to dispose off to yield $$$ in old age.

Inflation helps to scare poor people into spending $$$ made by factories whose share holders are rich people.

But mainly, inflation helps to keep poor people working and serving rich people because any savings of the poor are eroded by inflation and the rich remain well served both by share dividends from the companies that they own as well.as from disposing off real estate or living off rent from their real estate which they rent at inflation adjusted (increasing) rent to the poor.

Example of rich people:
or
[YOUTUBE]ZQ-YX-5bAs0[/YouTube]


Example of poor old people working to death in Singapore (McDonald's, collecting waste cardboard for recycling, cleaning hawker tables to earn a living):
Image
Image
Imagehttp://theindependent.sg/elderly-lady-who-can-barely-walk-wipes-tables-at-a-hawker-centre-and-works-as-a-cleaner/

Poor old people renting cages to live in Hong Kong:
HKG cage housing:
Image
#15058106
Puffer Fish wrote:If that's the case, why does it seem to be progressives who were advocating policies that would result in higher inflation, while conservatives seemed to be the ones who were worrying about inflation?

Some progressives are rich people as well.

If they were not rich and dirty, they wouldn't have so much time for promoting LGBTQ activities etc.

Maybe I clarify my stand, that inflation is the waste product from rich/ powerful peoples economic activities, which pollutes the (economic) environment and destroys the lives of the poor.
#15058216
AFAIK wrote:Inflation is a tax on savings since your money buys less over time unless it is invested in something productive. Inflation should run at 10% to punish tax evasion.
It will definitely punish most ordinary people before that, because most people are not that good at investment. At the end this will only benefit investment bankers and make them super fucking rich, just like how the Insurance industry once so thrived.
#15058218
@AFAIK

AFAIK wrote:Inflation is a tax on savings since your money buys less over time unless it is invested in something productive. Inflation should run at 10% to punish tax evasion.


There are ways that the rich can invest their money, protect it from inflation and still make money even after calculating for inflation. Stocks are not fool proof from inflation. To protect their money from inflation and taxes and still be able to increase their purchasing power and make money despite inflation, the wealthy generally invest in Real Estate Investment Trusts that pay dividends and Inflation Adjusted US Treasury Bonds. For Inflation Adjusted US Treasury Bonds, for them to be profitable after taxes and inflation, they will need to be placed in a Roth IRA or Roth 401K and a qualified distribution must be made.

All that money would be tax free under US law. Real Estate Investment Trusts you don't necessarily have to be placed in a Roth IRA or Roth 401K for those particular investments to be profitable despite inflation and taxes like you would the Inflation Adjusted US Treasury Bonds (the IRS, which is the US tax collector generally likes to tax the principle adjustments that are correlated to the rate of inflation of Inflation Adjusted US Treasury Bonds if those specific bonds are not in a Roth IRA or Roth 401(k) account). The rich will always be able to protect their money from inflation no matter how bad inflation gets.

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