That's not what is written ...freddau wrote:[...] Why in the article, inflation disturbs the annuitants more than the people who consume ??
Inflation poses problems for people who consume, well no?
Now, it is a fact: inflation is more of a problem for those who own a lot of money (the holders of capital) than for those who have little or no money. And it is also more of a problem for those who lend than for those who borrow ...
"Inflation is the euthanasia of annuitants" as Keynes had said. By eating away at the value of money, inflation is seen by rentiers as a tax on wealth. It is as if they had then a melting currency, melting all the more as inflation is high ...
Do not you think it's clear?
It is not a question of consuming or not consuming, but of possessing be paid in Germany, as must capital gains or not ... (and not stone for example)