Do you mean the Abraham Lincoln quote? Is it not appropriate to a discussion where something is being called a term for which it does not meet the definition? I think so.
All right. But I still find it annoying.
Inflation can affect the economy, so does deflation and natural disasters
, but they are not called taxes. Stock market declines
have an effect, as do wars, pandemics
, and many other things which also do not meet the definition of a tax. Those things you mentioned are not necessarily caused by the government. Inflation is caused by the government, and in part by the economy (but only in part). Therefore, since taxes take money money away from the public, and inflation does take money away from the economy as well, inflation is LIKE a tax.
Wiki articles are nothing but an opinion piece with multiple possibilities for input, but none of which have to be anyone with any real knowledge on the subject. True, but they reveal what other people believe on the subject.
The inflation tax does not exist because you cannot show the legislation, order, decree, collection method, accounting, or any other reference to the creation of such a tax. The process by which inflation is created is even variable in that it does not appear each and every time with the same characteristics. It may have some similarities with a tax in relation to buying power, but so do house fires, loss, theft, job loss, recession, depression, and many other unrelated actions.
Legislation, order, decree? That has absolutely nothing to do with my analogy. Next thing we know you'll want to see the official law that qualifies a scratch as, well, a scratch!
And thank you for admitting that is does bear similarities. That was my main point. My other point was that the government abuses this power.