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More inflation/socialism
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Kooiker
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.







Edited by Kooiker 2/8/2021 14:40
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