That Excuse for Greed that We Call Inflation
There is one sure thing that can be said for inflation: it always benefits the rich and always disadvantages the middle class and poor. That’s ‘Freeman’s Law’ and I hereby permit you to call it that if you wish.
Inflation is supposed to make everything more expensive to buy—and it does that—but here’s why it cripples the middle class and destroys those living in poverty. In order to explain that, some comparisons must be made.
1) All humans, both wealthy and poor, need food, shelter, clothing, warmth, safety and that’s where that part of the equation stops. For the poor that takes all the money they have, for the middle class a little less of what they have and for the wealthy its not even on the menu.
2) Next up is a decent job, education, healthcare and transportation to work. The poor are pretty much out of that equation, the middle class are okay (but only barely) and loss of a job or a major health issue puts the at the edge of bankruptcy and/or homelessness. If you think that’s unl…