You are viewing a single comment's thread from:

RE: Financial Education #8: How Is Currency Created?

in LeoFinance3 years ago

That's not necessarily true. It affects all cash equally but many of the wealthy don't have lots of cash. They own lots of assets. I suppose inflation is a form of tax, yes! Thanks for commenting!

Posted Using LeoFinance Beta

Sort:  

Sorry, I should have phrased myself better. Inflation is the fairest form of taxation on currency. Everyone's dollars or pounds or crypto gets devalued equally without any chance for anyone to cheat the system.

Posted Using LeoFinance Beta