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RE: One Day, One Dollar: My Small Purchase and a Hard Reflection on a Sad Reality

Inflation is a thief! If the inflationary rate is to be just 2% a year (like it's really more, but for this exercise we will use it) over the course of 10 years, that dollar is now worth only eighty cents! It is in essence a tax on the people with the banks getting richer each year while the middle class and poverty class feel the squeeze. Take it further; $100 is now $80, and in reality, it's really much less!

From my viewpoint, it is not a sound monetary system, nor is it where one should store their wealth; after all, each year, each dollar is worth less and less.

It is a sad reality and the only thing I know of that is truly one's own money is Bitcoin.

Thank you for sharing sis!🤗💜🌻

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I truly agree sis ✨ It's sad that the middle class and below are the ones who directly suffer these consequences...Aside from inflation is the rampant corruption in the government. In our country's current situation, our taxes were wasted to lots of ghost projects and went to the pockets of greedy people that should have been allocated for the welfare of people 😔 Thank you for sharing your valuable insights too 🤗💖