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Joined 10 months ago
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Cake day: August 22nd, 2023

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  • Rich people aren’t just hoarding money in a bank like Scruge Mcduck, unless they’re not very smart. If most of their money was tied into bank bonds that didn’t out perform inflation, then it’s bad for them. But if it’s tied to business stock or ownership, then those stocks are now worth more money for one to be willing to give up that stock. Inflation benefits some types and hurts others.