Inflation is just another tax.

submitted by jet199 from (mercurynews.com)

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[–]Zapped 6 insightful - 3 fun6 insightful - 2 fun7 insightful - 3 fun -  (2 children)

It is also a tax on savings. The money in your bank account is now worth less. That difference goes to the money the government printed and spent on pork-barrel projects.

[–][deleted] 4 insightful - 5 fun4 insightful - 4 fun5 insightful - 5 fun -  (0 children)

The money in your bank account is now worth less.

Not if you don't have any.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

But the government doesn't print money, the Fed does.