At first it was thought that the wave of price increases in the Czech Republic would mainly affect the lower class, which would have difficulty in procuring basic needs and paying energy prices. But apparently, the impact is much wider and even the middle class, for example, gets into trouble. Prices are not indifferent even to the richest among us.
The prices are already too high
One of the richest Czechs, 100% owner of Seznam.cz and other prosperous companies, Ivo Lukačovič, shared his opinion on Twitter. Forbes magazine estimates his fortune at 17 billion crowns. According to many, such a person should not solve problems such as food prices and the like.
However, people who grew up from scratch with their own diligence usually don’t have over the top manners and are often simpler than they first seem. They too are uncomfortable with the high prices. “I usually make dinner at our house. They also buy groceries at the same time. I have to say that the price increase over the past six months is really scary. And I buy normal things like all of you“Lukačovič said and added a spicy remark about inflation. At the same time, more price hikes are likely to come.
Decreasing savings
Of course, billionaires don’t have to worry about how much milk or butter costs, they will always have enough. But if we take it from a broader perspective, we find that inflation is perhaps more unpleasant for them than for anyone else. Especially those who have a large portion of their wealth stored in cash. They lose their value. And paradoxical as it is, such a billionaire knows full well that his savings will suddenly buy less food, i.e. cars, yachts, houses, etc.
On the other hand, it is also true that the rich can insure themselves much better against any situation. Few of them keep all their money in one account, but instead invest it. Eventually, these investments can turn out to make even more money these days than ever. Just look at how much energy companies are earning today.
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