Wayne Stollings wrote:
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.
I imagine that you might.
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).
So how does the economy levy taxes? If the same criteria is used to define tax and inflation due to cause, the economy would have to partly cause taxes in order to be consistent.
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.
Money is not taken away from the economy though. The stock market actually does that, so is it a tax? International trade actually does that, so is it also a tax? The appeal to try to connect the perception of a negative connotation of tax to inflation requires some creative illogic and suspension of reality.
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.
Other people believe lots of things which are also untrue. This is just evidence of that fact.
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.
Are they not the only ways taxes can be created? If something is a tax it must share a similar creation method.
And thank you for admitting that is does bear similarities.
Cats share similarities with dogs, but to call either by the others name is still not correct.
That was my main point. My other point was that the government abuses this power.
Religions abuse power, parents abuse power, bosses abuse power, teachers abuse power, the rich abuse power, celebrities abuse power, and people in general will abuse any power they can get.