Post
Topic
Board Politics & Society
Merits 2 from 2 users
Re: Is Inflation a Hidden Tax on the Public by the Government?
by
TECSHARE
on 27/05/2019, 23:31:47 UTC
⭐ Merited by eddie13 (1) ,LoyceV (1)
Exactly. This is why it pisses me off so much to see crypto turned into another casino economy. The value of a valid method of transaction with a set monetary base is infinitely valuable, but people are more interested in LAMBO LAMBO LAMBO! Just stop and think for a minute how much human effort, suffering, and lives have been wasted in order to earn currency that is constantly on fire and losing its value. The Federal Reserve prints more money, as a result its buying power drops, then employers need to pay more to keep up with inflation and cost of living, then according to the IRS you are now "making more money" and they need to tax you even more! This is the first time in human history we have had the true ability for an independent stable based method of exchange. In the world of economics this is basically equivalent to the invention of the wheel in its importance.