Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
How Inflation Helps Rich Become Richer
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Mika, post: 266419, member: 29399"] Not many people realize this but inflation builds wealth for wealthy people, and rich people become extremely rich. The Middle Class, on the other hand, pays higher taxes, and the poor will get poorer. Do you know what the major problem is? In 1944, the United States Dollars stopped being money, and instead became the Reserve Currency of the World. In 1971, US President Nixon took the Dollar off the Gold Standard. Thus the major problem is the US Dollar. When there is inflation they print a lot of currency notes and low-income people are hit hard. That’s why savers are losers because when you save money the value of your money goes down, especially during inflation. Likewise, your house is not your asset, it is a liability because you will have to spend money on taxes, insurance, and maintenance. During inflation, investors invest more money, businesses start to buy more businesses, and they continue to build their wealth. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
How Inflation Helps Rich Become Richer
Top