Quote:
Originally Posted by dewilson58
Inflation is a tax on lower income people.
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That is what you are being fed. It is a tax on all. What we are fed a tax on lower income people more than higher income people is mathematical spin. It assumes that higher income people save/invest part of their income. That is true at least for some. I know people who earn a great deal of money and save nothing. Even money you save, the cpi consumer price index is now 6.2. You pay that after taxes I have to make over 8% just to be even.