Is inflation a hidden tax?

Question

Is inflation a hidden tax?

Answer 1

Yes it is.

Governments make money, literally they are the ones who create money.  Actually anybody can make money, but the government will throw you in jail for doing so, unless you are very clever.  It doesn't cost the government $20 to print a $20 bill.  The difference is their profit.  Ironically the government loses money on coins.  It takes a 7 cents to make a nickel.  

In today's electronic age, the government doesn't even have to print or mint.  The problem with all of this is that money isn't wealth.  It's just a way of dividing wealth into little pieces so they can easily be sold or lent.  When you create more money, that doesn't automatically create new houses, cars, roads, etc.  So if all the money in the world equals all the stuff in the world and you make more money then each unit of money is now worth less of the stuff.

Whenever the government creates money it moves ownership of wealth.  And a lot of that wealth is moved into the government's control.  A tax.

Answer 2

Nope.

Answer 3

no, it's the % things go up because of the decreasing dollar

Answer 4

absolutely, government can print money all it wants!  4 trillion $ added to national debt  by this administration!

Net effect is YOU  have less in your pocket!  (figuratively!  point is you can afford less!)

Answer 5

Yes, and it is the most cruel tax imposed on the American people---even worse than the tax on a person's receipts for his labor which is issued in fiat money and than taxed again with the hidden "inflation tax"

Answer 6

Yes. Especially when the purpose of the inflation is to bail out reckless financial engineering on Wall Street.