>The wealthy will have their money in assets that may benefit from inflation (stock market up 30+% since pre-covid seem a little odd to anyone else?).
Who's selling that stock if the rich are buying it? From what I can tell it's mostly companies issuing new stock and leaving the money in their bank account and inflation is eating away at that money. Here is the thing, given a high enough inflation rate that money will be used to hire people. If you want to stick it to the poor that is an extremely ineffective way to do it.
Who's selling that stock if the rich are buying it? From what I can tell it's mostly companies issuing new stock and leaving the money in their bank account and inflation is eating away at that money. Here is the thing, given a high enough inflation rate that money will be used to hire people. If you want to stick it to the poor that is an extremely ineffective way to do it.