One of the biggest, and one of the oldest, taxes is inflation...

" Inflation is one of the greatest and oldest taxes. Therefore, governments have been stealing the wealth of their people, not just for centuries, but for millennia...
"If you put $1,000 in your piggy bank in 1960 and spent it in 2000, your money has lost 80 percent of its value over time.
“Income tax only shifts money out of your current government income, but it doesn't include money you've saved over the years. With inflation, the government takes the same from both...
“It's bad enough when the poorest are forced to give the government an equal share of their wealth as the richest, but it's appalling when the government cracks down on the poorest.
This can happen because the wealthy can easily convert their wealth into things like money like real estate, gold, or other assets that appreciate in value with inflation. real estate or gold. Put a few dollars aside. But wherever it hides, inflation is free to steal its value.”

~ Thomas Saul from his article “ Inflation Can Tax Both the Rich and the Poor ”

The content is copyrighted to PC.BlogSpot.Com . Permission to Republish With Attribution and Attribution.