Inflation is a quiet but effective way for the government to transfer resources from the people to itself, without raising taxes.
Price increases over last yr (CPI report)…
Used Cars: +31.9%
Gas Utilities: +21%
New Cars: +7.6%
Overall CPI: +5.3%
Food away from home: +4.7%
Food at home: +3.0%
I wonder who truly profits from it though. The rich? Hardly. The government? Probably but even them are affected. I do think it’s another deliberate way to go for “The Great Reset”, as all are lockdown measures, internet censorship (which is NEW, guys, only slightly more than a year), media having become propagandists, etc.
you’re correct… but everyone who owns a home isnt “rich” and everyone with a 401k or RRSP isnt rich. The middle class can become wealthier when their assets inflate… so why are people trying to punish the Middle class? these are the people that worked hard, saved for a home, invested their money so they could retire.
they did it right
and yet there are many who decided to rent, go out for dinner and drinks so they could post living their best life on the “gram” - they vacationed, they bought expensive shoes and bags.
and now they are pissed that they are missing out on this wealth increase. so much so they want the people who invested and bought a home to pay for their poor decisions and lifestyle choices