Quote:
Originally Posted by Jimjam
[You must be logged in to view images. Log in or Register.]
The worry is printing money causes inflation, which devalues the fortune of the wealthy. However, if the printed money goes to the wealthy this doesn’t matter as they retain the majority of wealth and it means their fixed expenses, such as min wage workers, actually go down in relative terms.
|
Hyperinflation right now would be incredible for young people. Boomers currently control virtually all the country's wealth and have arranged things so they reap the benefits of government (medicare) without the responsibilities (taxes), punting the burden onto us (debt).
Hyperinflation would essentially start everything from ground zero, the boomer fortunes made worthless, the capitalist fortunes made worthless.
Never has a generation deserved it more. Boomers destroyed the world.