TryingToBeGood@reddthat.com to News@lemmy.worldEnglish · 2 months agoUS inflation rose to 3.8% in April, eroding Americans’ paycheckswww.cnn.comexternal-linkmessage-square51fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1external-linkUS inflation rose to 3.8% in April, eroding Americans’ paycheckswww.cnn.comTryingToBeGood@reddthat.com to News@lemmy.worldEnglish · 2 months agomessage-square51fedilinkfile-text
minus-squareNaibofTabr@infosec.publinkfedilinkEnglisharrow-up0·2 months agoThe core of the problem is that deflation encourages and enables wealth hoarding. The rich get richer by doing nothing but sitting on the wealth they already have.
minus-squareGrandwolf319@sh.itjust.workslinkfedilinkarrow-up0·2 months agoGot some bad news for you, inflation does this too given that the rich have access to investment vehicles that the poor don’t. I would argue this is better for poor people, cause they can’t just keep all their money as investments
The core of the problem is that deflation encourages and enables wealth hoarding. The rich get richer by doing nothing but sitting on the wealth they already have.
Got some bad news for you, inflation does this too given that the rich have access to investment vehicles that the poor don’t.
I would argue this is better for poor people, cause they can’t just keep all their money as investments