Are taxes rising or fallingif workers, savers and investorsare exposed to inflationary capital confiscation?

 …the government's strategy for battling the financial situation

 is pretty straightforward

 

The idea is to transfer as much private debt as possible

 to the federal government [future taxpayers]

 

…There are basically two ways the government can buy up all this debt

 

It can borrow the money, in large part from foreign sources

 or it can just print it up and create rampant inflation

 

Inflation is basically a tax on savers

 

 It means those who didn't partake in the last bubble

 will be penalized in order to prop up those who did

… homeowners who overextended themselves...etc...

 

…at some point in the future, a major tax will have to be levied

 

But that tax may felt by people who aren't even born yet

 

Their government will ask them to pay

 for choices made when they couldn't vote

 

…This is clearly a worse strategy in a democratic country

 

…We elected the people making these decisions

 

 We should pay for our choices

 

…At least you can penalize the right set of citizens

 

Joe Weisenthal

The Moral Case For Rampant Inflation

Clusterstock

 

Did the world’s wealthiest generation

forfeit their children’s financial future

 for present prosperity?