Could there be so many rich people hoarding so much money that just by their value they actually have weaked currency and created inflation?
Could there be so many rich people hoarding so much money that just by their value they actually have weaked currency and created inflation?
Yes 100%
Wealth generates income, that income can’t sit as cash or it will lose value, so they need to invest.
When the ultra wealthy invest, it’s less important to get the best price for an asset than simply getting it. That money needs to be spent. So if there’s competition for an asset, they will spend more to get it.
When that happens, the price of the asset goes up. Causing inflation
Those assets ultimately determine the baseline cost of everything else. Can’t grow food if you’ve not got a farm. Farms being more expensive make food more expensive.
This isn’t malicious, this is just how it has to be when you have ultra wealthy people. They must invest, they must take property away from everyone else.
The ultra rich are actively pricing us out of living.
The ultra rich need to go
I agree with everything except the “not malicious” part. eventually you have enough and should stop.
there are no moral billionaires.
TBF I more meant they weren’t actively trying to be malicious in many cases
You’re entirely right that they are malicious though