Tbone on Nostr: AI seems to be giving more accurate information these days. Your normie friends ...
AI seems to be giving more accurate information these days.
Your normie friends should read this...
What's the bigger tax, income or inflation?
According to the search results, inflation is a real tax that redistributes purchasing power from businesses and households to the federal government. The inflation tax is not only real, but it’s massive, exceeding $1.9 trillion in 2021. This tax is a result of unanticipated inflation, which benefits borrowers at the expense of creditors. In contrast, income tax is a deliberate tax imposed by the government to fund its activities.
The search results also highlight that inflation has a greater impact on the finances of low-to-middle-class wage earners, making it a “tax on the poor.” Additionally, industries can create inflation unintentionally by passing on increased costs to customers, leading to a higher demand for goods and services and a subsequent spiral of inflation.
In conclusion, based on the search results, inflation is the bigger tax, as it has a significant impact on the economy and individuals, whereas income tax is a deliberate tax imposed by the government.
Your normie friends should read this...
What's the bigger tax, income or inflation?
According to the search results, inflation is a real tax that redistributes purchasing power from businesses and households to the federal government. The inflation tax is not only real, but it’s massive, exceeding $1.9 trillion in 2021. This tax is a result of unanticipated inflation, which benefits borrowers at the expense of creditors. In contrast, income tax is a deliberate tax imposed by the government to fund its activities.
The search results also highlight that inflation has a greater impact on the finances of low-to-middle-class wage earners, making it a “tax on the poor.” Additionally, industries can create inflation unintentionally by passing on increased costs to customers, leading to a higher demand for goods and services and a subsequent spiral of inflation.
In conclusion, based on the search results, inflation is the bigger tax, as it has a significant impact on the economy and individuals, whereas income tax is a deliberate tax imposed by the government.