Quote:
Originally Posted by nmap
The problem with describing an outcome is that the economy isn't monolithic. For an elderly widow with no savings and a meager Social Security income the outcome might be horrific. Likewise for a single parent with children, working multiple part-time jobs requiring long commutes. On the other hand, the top 1% of the households in the U.S. have a net worth of $6 Million or more - I suspect that inflation will be profitable for that segment of the population. So, is inflation "good" or "bad"? I guess I see it as a function of perspective.
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Seeing as how the top 1% pay the largest portion of taxes to support the govt, I don't have much issue with them receiving a proportionately larger benefit.