5 ms·

I hate to break it to you, but the rich are taxed on nominal gains, not real. Holding assets during inflationary periods means paying a higher percentage of yo

• npoc 2y ago
  Not if you borrow against your assets, using nominal gains to obtain more and more loaned money. That's tax free and with hard assets such as real estate, the nominal gains far outweigh the interest.
  • ponow 2y ago
    I wish I knew how to play that game. It's a game primarily played by the rich, and is part of the reason that the primary losers from inflation are poor.
    • npoc 2y ago
      Yes, the printed money (whose value is "sucked" from the ones in your pocket) is given to those closest to the money printer, and they tend to be the very richest in society. It's called the Cantillon effect.
    • tithe 2y ago
      Well, let's ask, shall we? npoc, how do you play that game?