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Inflation is a hidden tax that has been eroding the middle class for decades. This father of three struggled to feed his family in the 1970s despite earning a modest salary for the time.

Inflation is a hidden tax that has been eroding the middle class for decades. This father of three struggled to feed his family in the 1970s despite earning a modest salary for the time.

Inflation is a hidden tax that has been eroding the middle class for decades. This father of three struggled to feed his family in the 1970s despite earning a modest salary for the time. from Bitcoin




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27 Comments

  1. Taxation without representation is when you pay taxes but you are not or you are under represented in the government, like people who live in Washington D.C. and Puerto Rico.

    This video demonstrates inflation. Am I missing something?

  2. Government – “what should we tell these dummies next?”
    Government – “let’s tell them that inflation is a good thing”
    Government – “no fucking way they’ll go for that”
    Government – “I bet you 4 trillion they will”

  3. It’s corporate greed keeping wages low and not inflation. Moderate inflation is part of a proper growing economy. Growing wages are supposed to occur too in a repeating cycle that creates prosperity.

  4. inflation is the hidden taxation.

    And the government wants to come up with a trillion dollar coin.

    Those in the government: “just print mur money bruh!”

    yeah, fuck this currency, and they can’t tell us what we can buy or sell with. Hell if I want to pay my buddy with seashells if he is willing to take it I will.

  5. Inflation is important, as with deflation people wouldnt spend their money, as it might be worth more in a year

    leading to people buying less, which means other people earn less, which mens they cant afford things and starve.

    a very slight inflation leads to money loosing worth over time, incentivising people to spend more money

  6. Ok but they still explained marginal tax rates incorrectly. FYI never refuse a raise because it will put you in a higher tax bracket, only income above the bracket level is taxed at the higher rate. Moving into another bracket will never reduce your earnings more than your raise increased it, unless they pass a law to actually increase the percentage of your current bracket by more than your salary increases.

  7. The problem is not inflation, it is the consistent lack of options to do better financially so that your earnings keep ahead of inflation. The rich get richer because they have all the options to make more money than inflation and when they need to they can just change the laws to suit them.

    Meanwhile, they’ve mastered the art of distracting the poor with stupid issues like immigration, abortion, race and gun laws, etc. the poor consistently vote for bad politicians who work against their interests.

    It’s a complex issue but inflation is one of the symptoms not the core problem.

  8. Unfavorable take:

    Inflation is not taxation without representation….it’s a direct result of the market.

    Trying to create the representation to handle inflation is literally the creation of the Fed.

What do you think?

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