Inflation

T

twotwofour

Well-Known Member
Red Devil said:
All I’m saying is, inflation doesn’t steal your money from you unless you just have all your money sitting in a sock drawer. If I buy a $20,000 car and 10 years from now the same car is $30,000, I didn’t get a third of my car stolen
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Inflation steals my money because my income only changes every 5 years. If im lucky…
 
Over70irregs

Over70irregs

❤️ MORE 😡 LESS
Red Devil said:
All I’m saying is, inflation doesn’t steal your money from you unless you just have all your money sitting in a sock drawer. If I buy a $20,000 car and 10 years from now the same car is $30,000, I didn’t get a third of my car stolen
Click to expand...
Interesting thoughts. The $ is automatically programmed to debase. It has to in order to force spending. The buying power of a car that goes up in value by a 1/3 is ate up by double digit inflation over 10 years. A house would be a suitable example but I get what you mean.
 
Over70irregs

Over70irregs

❤️ MORE 😡 LESS
rod said:
My Pension income hasn't changed for 23 years and I have more money now than I have ever had.
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That is boomer compounding which we don’t have as an advantage. You have full advantage of .com rises and ups going public. These rates must make you laugh.
 
Red Devil

Red Devil

The Power of Connected
Over70irregs said:
Interesting thoughts. The $ is automatically programmed to debase. It has to in order to force spending. The buying power of a car that goes up in value by a 1/3 is ate up by double digit inflation over 10 years. A house would be a suitable example but I get what you mean.
Click to expand...

Right. Don’t get me wrong I hate seeing my buying power disappear as much as the next guy. But I don’t quite agree with the take in that tweet
 
Commercial Inside Release

Commercial Inside Release

Well-Known Member
Over70irregs said:
The fact that your body is beat up and your time is stolen is a ponzi.
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It is a rip off, not really a ponzi scheme.
Anti-income tax groups have argued since before Nixon, that income tax is only to be apportioned to profits...
And, therefore your wear-and-tear, time, and labor are a fair trade for the wages you earn. An even, fair trade is not profit, so wage earners shouldn't pay income tax.

To pay income tax would mean your irreplaceable time is worth less than top rate, your knees are worth less than a million dollars each, and your efforts much less.
 
Over70irregs

Over70irregs

❤️ MORE 😡 LESS
Commercial Inside Release said:
It is a rip off, not really a ponzi scheme.
Anti-income tax groups have argued since before Nixon, that income tax is only to be apportioned to profits...
And, therefore your wear-and-tear, time, and labor are a fair trade for the wages you earn. An even, fair trade is not profit, so wage earners shouldn't pay income tax.

To pay income tax would mean your irreplaceable time is worth less than top rate, your knees are worth less than a million dollars each, and your efforts much less.
Click to expand...
Rip off/ponzi sets in when you realize to get full pension you have to sacrifice your wife getting a check when you fall dead. Incentivizing you to work longer.
 
Over70irregs

Over70irregs

❤️ MORE 😡 LESS
One by one your world shrinks. Your downline takes their place.
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