Showerthoughts

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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.

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We keep measuring everything's value with something that continuously loses value over time (lemmy.world)

submitted 7 months ago by [email protected] to c/[email protected]

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It's becoming really annoying.

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[–] [email protected] 5 points 7 months ago* (last edited 7 months ago) (1 children)

to prevent all money from ending up in a single party’s hands.

I beg to differ.

Example: suppose you own property, gold, a business, or something else with tangible value. When inflation causes cash to decrease in value, your assets are safe. They have intrinsic value.

Example: suppose you're living a lifestyle where you can't afford assets like that. Maybe even living paycheck to paycheck. You make the same money, and you can buy less with each paycheck. You can't start buying assets when money keeps getting tighter.

I think it's pretty simple to see inflation only hurts the have-nots, while others are protected by the value of their accumulated assets.

[–] [email protected] 5 points 7 months ago

I think it’s pretty simple to see inflation only hurts the have-nots

It hurts have-nots, but also medium to high earners who are forced to spend time to learn and to invest their money if they don't want to lose wealth. That destroys their productivity or their free time which hurts society as a whole.