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E53: Wealth tax, dealing with inflation as a capital allocator, big tech earnings, Facebook's rebrand, paternity leave & more
All-In with Chamath, Jason, Sacks & Friedberg
Is Inflation Going to Hurt the Rich?
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Inflation is devastating for the middle class. If you have savings, if you can afford to put all your savings and financial assets the way that the super wealthy can, then your financial assets will go up. You're going to get absolently eroded byin over time, is going to kill you. So i think there are some effects tat ar a wash. But savings can really get hammered if you're not in ential assets.
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