Inflation Tax

[Unregistered]

Every American is going to pay higher taxes due to the Biden administration’s policies.

Remember that inflation is a hidden tax. It is a powerful (and often unseen and unstoppable) way for a government to pay for its goods and services without raising visible taxes that make people angry.

Warren Buffett is widely regarded as the best long-term investor in America. He clearly has moved from concerns about unemployment to concerns about inflation.

"We are seeing substantial inflation," Buffett said at the annual meeting of Berkshire Hathaway. "We are raising prices. People are raising prices to us, and it's being accepted."

Buffett’s private sector experience is reinforced by former Secretary of the Treasury and Ph.D in economics Larry Summers, who warned during a forum that inflation indicators were "flashing red alarm" and that "all the signs are for inflation starting to break out.

"We were providing demand well in excess over the next couple of years of any plausible estimate of the economy’s potential to produce, and that meant substantial price increases," Summers said.

[Unregistered]

Every American is going to pay higher taxes due to the Biden administration’s policies.

Remember that inflation is a hidden tax. It is a powerful (and often unseen and unstoppable) way for a government to pay for its goods and services without raising visible taxes that make people angry.

Warren Buffett is widely regarded as the best long-term investor in America. He clearly has moved from concerns about unemployment to concerns about inflation.

"We are seeing substantial inflation," Buffett said at the annual meeting of Berkshire Hathaway. "We are raising prices. People are raising prices to us, and it's being accepted."

Buffett’s private sector experience is reinforced by former Secretary of the Treasury and Ph.D in economics Larry Summers, who warned during a forum that inflation indicators were "flashing red alarm" and that "all the signs are for inflation starting to break out.

"We were providing demand well in excess over the next couple of years of any plausible estimate of the economy’s potential to produce, and that meant substantial price increases," Summers said.

Cons need to take a basic economics class. There are ways to keep inflation in check. There are also supply issues that are causing some prices to go up but that doesn't mean it will stay that way forever. With the whole world practically shut down the last year there is going to be some adjustments until supply can meet demand.

[Unregistered]

Cons need to take a basic economics class. There are ways to keep inflation in check. There are also supply issues that are causing some prices to go up but that doesn't mean it will stay that way forever. With the whole world practically shut down the last year there is going to be some adjustments until supply can meet demand.

Cool story, bro. But, not really informative, is it?

Prices have gone up. Therefore, taxes on goods have gone up. Hence, we are paying more in taxes.

You can insult your way into a paper bag all you want, but the result won't change the comment. As inflation rises, which is a concern of any true economist (not anonymous internet blowhards), you ARE paying more taxes. You ARE paying more taxes right now.