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RE: Inflation - A Hidden Tax : What Is Inflation & Why Children's Savings Accounts Are Unwise!

in #life7 years ago (edited)

I think you're right that almost everyone loses from inflation, but it's the poor that suffer the most from inflation, because they don't have the savings to invest to try to stay ahead of it. So the poor vote into power the people who give them handouts, without realizing they are the same people who rob them through inflationary policies. It's a cruel trick to keep them voting one way-- always keep them poor so they will always be dependent on that handout.