Re: How much is the annual inflation tax?
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First off, it isn't necessary to start a poll to ask what the inflation rate is, government and private estimates are all over the web.
Second, tax on what? Income? Capital Gains? Wealth?
Third, the idea that government causes inflation to raise revenue is silly. Sure, the debt is reduced over time by inflation, but expenses increase as well. Social Security, Medicare, and government salaries all get a cost of living bump every year. Inflation is also reflected in the interest rate they have to pay to service the debt.
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Because technological innovations lower the costs of products over time inflation can be significantly higher than the built in inflation bumps that SS and other programs get.
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