The government loves inflation. They get to pay off their debt with less valuable dollars and they get to collect taxes on "capital gains" that are mostly, or entirely just inflation.
Sadly, most people, when looking at their gains, don't take inflation into effect. If you make 5% gains, but inflation is 6%, you've actually lost 1% in purchasing power. If you had 7% in gains, but inflation is 6%, you've only made 1% on your money. Of course right now, real inflation is much higher than 6%.
#inflation #grownostr #taxes #debt
LibertyGal /
npub1ae…j63av
2023-08-16 15:52:08
in reply to nevent1q…0x2m
Author Public Key
npub1aeex27mygl2ca7j4hnxl85ce2hhu8gg5au557d5ykd6tjsdfa5ssfj63avPublished at
2023-08-16 15:52:08Event JSON
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"content": "The government loves inflation. They get to pay off their debt with less valuable dollars and they get to collect taxes on \"capital gains\" that are mostly, or entirely just inflation. \n\nSadly, most people, when looking at their gains, don't take inflation into effect. If you make 5% gains, but inflation is 6%, you've actually lost 1% in purchasing power. If you had 7% in gains, but inflation is 6%, you've only made 1% on your money. Of course right now, real inflation is much higher than 6%.\n\n#inflation #grownostr #taxes #debt",
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