Inflation discourages savings.
Because the $100 that you saved last year will only buy $50 worth of goods or services next year.
Inflation discourages savings.
Because the $100 that you saved last year will only buy $50 worth of goods or services next year.
But if I sell it I will need to buy another house that will cost me $400K.
So now I have to pay property tax on a $400K house instead of a $200K house. So my property taxes are doubled.
More money for the Public Schools to waste.