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Travis's avatar

I'm not saying the rich are the primary drivers of inflation, I'm just saying that they keep prices pegged higher when normal inflationary pressures and the curtailed spending it brings would usually drive prices down. Rich people slow the onset of deflation because they keep prices pegged high when there are enough rich people keeping inventories moving. They're a force multiplier for inflation, not a direct cause. The direct causes are the ones you cited (federal spending on CV, CV itself, Russian invasion, massive bird flu culls).

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Migs's avatar

They don’t. It’s wrong. There are many reasons to argue for taxing the wealthy. Inflation in not even on the top 10000 reasons to do so

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