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Inflation is effectively taxation. Here's the University of Toronto's economics lesson on the subject: https://www.economics.utoronto.ca/jfloyd/modules/inft.h
by SamPatt 1y ago
Inflation is effectively taxation.
Here's the University of Toronto's economics lesson on the subject:
https://www.economics.utoronto.ca/jfloyd/modules/inft.html https://www.economics.utoronto.ca/jfloyd/modules/inft.html
- halestock 1y agoThat is a discussion that inflation resembles a tax. And in any case, how does that refute the idea that taxation in general is not a solution? That’s like saying soda taxes are bad so we shouldn’t have income taxes either.
- bigbadfeline 1y ago> That is a discussion that inflation resembles a tax. That's splitting hairs. Inflation is a choice, just like taxes, and, importantly, it's a regressive tax, which helps us understand why the elites love it so much. Inflation shouldn't be mentioned without pointing out that it's a regressive tax. > And in any case, how does that refute the idea that taxation in general is not a solution? It doesn't. Nobody claimed that either. Taxation by itself isn't a solution, but I doubt there is a solution that doesn't involve taxation. > You’re arguing that because inflation (which is not a tax) is kinda sorta like a tax, therefore taxation in general isn’t a solution? I can't find anybody claiming anything of the sort. > That’s like saying soda taxes are bad so we shouldn’t have income taxes either. Another strawman.