The reason inflation hits wealthy people very hard is that they must try to preserve the basis of their wealth by living within the income produced by their dividends. The mantra for them is that you do not spend principle because that reduces dividend interest and will eventually leave them broke. Going broke is something they fear worse than death.
A collection of articles defining our times. The pages contain clickable links, don't let the titles fool you, some of the best articles have very non-descript titles and there are usually more articles on the matters in the days and week pages the links land on so it's a sort of treasure hunt through history, Enjoy!
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