• n2burns@lemmy.ca
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    4 months ago

    Inflation isn’t a tax. It wouldn’t go away even if you eliminated all taxes.

    I don’t know what your income tax rates is but 30% is pretty high, you must make good money!

    • shortwavesurfer@monero.town
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      4 months ago

      Inflation won’t go away unless you switch to a currency that doesn’t inflate. And yes, inflation is a tax. It’s just a tax you don’t know you’re paying because it’s hidden from you. Instead of having less dollars in your balance, your dollar just buys less, which is the same thing.