Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Inflation is a Tax on the Poor

3 Feb 2025 · 0 min

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0:24

A short YouTube monologue (uploaded by Richard Canfield) criticizing economic management for causing inflation that disproportionately harmed average workers and families. The speaker argues that rising prices (groceries, mortgages at renewal) hit those who struggle most and calls inflation "a tax on the poor," blaming policymakers for mismanagement.

The average person who really struggles to put groceries on the table and to make their mortgage payments, especially after renewal, jumped like crazy. And that, to me, is just so heinous because inflation is a tax on the poor. I'll forever go to my grave and not forgive them for that poor management of our economy that ultimately increased inflation and ultimately harmed the average worker and their families.