• intensely_human@lemm.ee
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    1 year ago

    This is exactly how inflation is a tax on the poor: there are ways to counteract inflation, which only become available at a certain level of wealth.

    Basically disposable income is safe because you can convert it; and non-disposable income is not safe because you can’t convert it.

    • w2qw@aussie.zone
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      1 year ago

      You have a point but how much cash are we talking about? If you have $10k-$20k sitting around in a chequing account that’s only $200-$400 you are losing to inflation. Things like the earned income tax credit would give you back like $500-$8000. They may not seem super related but in general it’s easier to compensate those lower income folks for inflation than trying to change the inflation target.

    • God@sh.itjust.works
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      1 year ago

      yup, that’s exactly how it is, idk why ppl downvote me but upvote you, it’s saying the same thing lol, crypto bad i guess.