Doomberg: This Insidious Tax Can Cause Societal Breakdown
Liberty and Finance, Released on 2/25/23
Inflation is always negative for society, says Doomberg. It is an "insidious tax" that disproportionally impacts those near the bottom of the economic pyramid. Wealth inequality leads to societal instability. The ever increasing inequality in wealth and income should give everyone pause, he says. "This is not bullish for societal stability. And ultimately we are all rowing in this boat together. If society starts to come apart at the seems as people's savings and their ability to provide for their family become threatened by the hidden tax of inflation, there aren't any good outcomes."
0:00 Intro1:50 Inflation7:10 Energy markets12:06 Diesel13:40 Derailment in Ohio22:58 BRICS & Saudi Arabia25:10 Doomberg26:37 Miles Franklin
Doomberg is the anonymous publishing arm of a bespoke consulting firm providing advisory services to family offices and c-suite executives. Its principals apply their decades of experience across heavy industry, private equity and finance to deliver innovative thinking and clarity to complex problems. Doomberg on Substack: https://doomberg.substack.com.
Doomberg: This Insidious Tax Can Cause Societal Breakdown added by Herman James on 02/24/2023View all posts by Herman James ?+'