Friday, June 15, 2018

Insidious Tax

At night
When you turn off all the lights
There's no place that you can hide
Oh no
The rhythm is gonna get you
--Miami Sound Machine

In this era of purportedly 'tame' inflation, the purchasing power of the dollar has declined about 20% in the past decade. Imagine what happens when inflation heats up...


Because we usually don't notice it until long after we've been fleeced, inflation functions as an insidious tax.

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