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The Power of the Worker Versus Capital
I think my main expectation as an investor is expect taxes to be higher going forward significantly higher for a long time. So yeah, expect to pay more tax and budget for that in your retirement planning. And inflation, people never even thought about inflation before. But now if you're planning your retirement, you're thinking, well, it's above 10%. How on earth am I going to cope if it stays high for a long period of time? People remember why we had central banks in the first place, which is to keep money stable. This might mark the point where the perception of the power of the worker versus capital starts to undergo a change.
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