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Government Dirty Little Secret: Inflation is Good for Them
Inflationary policies of government have a multiplier effect when it comes to taxes. For starters, all those nominal price gains in the value of stocks and real estate mean more capital gain and property taxes. In addition, it pushes people into higher tax brackets and triggers the phase out of several tax deductions & credits. These are just some of the many ways inflation siphons wealth from the working class and directs it to the government/Ruling Class.
Keep these facts in mind the next time you hear politicians pushing more spending & money printing, as well as new taxes on “the rich.”
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