Posted 2/8/2021 14:33 (#8816623 - in reply to #8816311) Subject: RE: More inflation/socialism
feelnrite - 2/8/2021 12:02
I think it is kind of like stock dilution.
Yes
It is dilution of the $'s that everyone already had followed by redistribution. Its great if you never have had a pot to piss in. If you've been working your whole life trying to save $'s to get ahead its nothing more than a kick in the teeth.
As of Jan 1 2021 there is supposedly $37 trillion in existence (both real and digital)
If you create another $1.9 trillion you just devalued the existing currency 5%. That's a 5% tax without raising taxes. Effective immediately and you don't even have to file your taxes to pay for it. And its not just on income, its on every $ that you have.