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The depletion of the middle class through the extremely questionable zero interest rate policy has now experienced an additional acceleration through inflation. Not only that interest is deducted for savings, one also loses through inflation. Currently, it is probably around 7% per year, which simply goes down the drain.
In other words, the financial assets, especially of the middle class melts like butter in the sun.
The really rich, from 10 million, have long since put their sheep in the dry, i.e. in less restrictive countries or tax havens.
In other words, the financial assets, especially of the middle class melts like butter in the sun.
The really rich, from 10 million, have long since put their sheep in the dry, i.e. in less restrictive countries or tax havens.