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.
FarmerTbone
npub1wez…62hu
2024-06-22 11:12:51
Author Public Key
npub1wezprxcca3tttvnhncxsxhnhz25av6wml0jm9305tr94vjhmdj2s2e62huPublished at
2024-06-22 11:12:51Event JSON
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"content": "AI seems to be giving more accurate information these days.\nYour normie friends should read this...\n\nWhat's the bigger tax, income or inflation?\n\nAccording 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.\n\nThe 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.\n\nIn 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.",
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}