Inflation's Power: The Dollar in 25 Years [View article]
I'm glad that others can be so sanguine about inflation. That doesn't change the fact that it is a stealth tax on wealth. The government has a great racket going while they can keep it up. They print the money and they can game the price indexes that measure how much excess money they are adding to the system.
Yes, people who are invested in hard assets aren't going to take such a hit. But keep in mind that capital gains basis is not indexed, so even if you protect your wealth by investing in hard assets, the tax man is going to wet his beak when you convert them to cash.
Inflation's Power: The Dollar in 25 Years [View article]
Agreed that the Fed and Feds have no option but inflation due to the entitlement trap. Oh, the irony that programs ostensibly founded to prevent seniors from living on dog food in their old age are likely going to put a lot of people in just that position.
Getting Frantic? A New 3 Act Play for Current Economic Times [View article]
Inflation's Power: The Dollar in 25 Years [View article]
Yes, people who are invested in hard assets aren't going to take such a hit. But keep in mind that capital gains basis is not indexed, so even if you protect your wealth by investing in hard assets, the tax man is going to wet his beak when you convert them to cash.
Inflation's Power: The Dollar in 25 Years [View article]