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Inflation Is the Most Evil of Taxes
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Inflation Is the Most Evil of Taxes

The Government Hates Us and Our Freedom

Zac Small's avatar
Zac Small
Apr 19, 2023
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The Daily Draft Newsletter
The Daily Draft Newsletter
Inflation Is the Most Evil of Taxes
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When an economy is not performing well, the government may try to stimulate it by printing more money. This increases the money supply, which in turn, leads to inflation.

If you’ve not been paying attention, here’s a stat to bring things into perspective, “Over the last two years, the US Federal Reserve has printed 80% of all US dollars in existence.”, The inflation brought on by this devaluation of the U.S Dollar makes it harder for people to buy the goods and services they need, contributing to an overall slowdown of the economy. 


If you haven’t already, be sure to read this piece on why Taxation is Systemic Theft:

The Daily Draft with Zac Small
Taxation Is Systemic Thievery
Taxes are not a “necessary evil”; they’re just evil as taxation is theft, end of story. Let’s address why taxation is not something you should be dismissive of. To begin, what are we talking about? Taxation is collecting money from individuals or businesses by a government or other public authority to fund public services and/or to pay for operations/events the government has deemed necessary…
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2 years ago · 3 likes · 3 comments · Zac Small

Inflation is an Insidious Form of Taxation

Inflation is among the most insidious and regressive taxes because it hits the poor and middle class the hardest. Inflation erodes the value of money over time, meaning that what you can buy with your money today will be worth less tomorrow. This means that those with less money are disproportionately affected by inflation, as they can’t afford to buy the same things they did yesterday. Those with greater wealth are still impacted, just less so, but in an equally unacceptable manner.

Inflation also has a long-term effect on the economy.

Inflation reduces savings since the value of money decreases over time, making it difficult for people to save for retirement or purchase big-ticket items like homes or cars. It also incentivizes people to take on debt to purchase goods since the cost of those goods will increase over time. This can lead to an unsustainable debt cycle in which people cannot pay off their debts. 

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