Inflation is the most unfair form of taxation:
“Fiat money is paper money without precious-metal backing and which people are required by law to accept. It allows politicians to increase spending without raising taxes. Fiat money is the cause of inflation, and the amount which people lose in purchasing power is exactly the amount which was taken from them and transferred to their government by this process. Inflation, therefore, is a hidden tax.
This tax is the most unfair of all because it falls most heavily on those who are least able to pay: the small wage earner and those on fixed incomes. It also punishes the thrifty by eroding the value of their savings. This creates resentment among the people, leading always to political unrest and national disunity.”
-G. Edward Griffin
MarkHarvey / Mark Harvey
npub1am…rm0pq
2023-05-07 23:40:05
Author Public Key
npub1amfa5fg9l6p6jg6jqw7uxlhk9c38gawkphzndvxm4ftsplw0m7uqarm0pqPublished at
2023-05-07 23:40:05Event JSON
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"content": "Inflation is the most unfair form of taxation:\n\n“Fiat money is paper money without precious-metal backing and which people are required by law to accept. It allows politicians to increase spending without raising taxes. Fiat money is the cause of inflation, and the amount which people lose in purchasing power is exactly the amount which was taken from them and transferred to their government by this process. Inflation, therefore, is a hidden tax.\n\nThis tax is the most unfair of all because it falls most heavily on those who are least able to pay: the small wage earner and those on fixed incomes. It also punishes the thrifty by eroding the value of their savings. This creates resentment among the people, leading always to political unrest and national disunity.”\n\n-G. Edward Griffin",
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