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To: Alberta's Child; plainshame

>> “As the dollar inflates in value, the value of most assets also rise to match it over time.” <<

.
And all personal wealth is slowly taxed out of existence.

Inflation is the enemy of freedom and personal wealth.


72 posted on 12/23/2013 6:56:27 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: editor-surveyor
When you think about it, inflation mainly affects currency value, not "wealth." Don't confuse cash with wealth, because they are not the same.

If I own a business with $X million worth of assets, then there's not likely to be eroded by inflation over time. If anything, inflation works in my favor if the business finances its capital expenditures with long-term debt by effectively reducing the debt burden over time.

78 posted on 12/24/2013 5:16:24 AM PST by Alberta's Child ("I've never seen such a conclave of minstrels in my life.")
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