Elon Musk became the richest man on earth (and as I recall in the history of earth adjusted for inflation) because of a marginal car company propped up by federal money and exploding in value from central bank largesse propping up the stock market. All that money came from somewhere, and that somewhere is everyone else.
Food and shelter costs have risen disproportionately for 20 years from the same money printing, that's the inflation tax. Incomes rise, but quality of life drops at that income level. Meanwhile, the government sees your "rising wages" and goes "oh, since you're a richy rich now we can take more of your money!"
Food and shelter costs have risen disproportionately for 20 years from the same money printing, that's the inflation tax. Incomes rise, but quality of life drops at that income level. Meanwhile, the government sees your "rising wages" and goes "oh, since you're a richy rich now we can take more of your money!"
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