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The hidden TAX!!

BenFencin

Member
"Inflation has now been institutionalized at a fairly constant 5% per year.

This has been determined to be the optimum level for generating the

most revenue without causing public alarm. A 5% devaluation applies,

not only to the money earned this year, but to all that is left over from

previous years. At the end of the first year, a dollar is worth 95 cents.

At the end of the second year, the 95 cents is reduced again by 5%,

leaving its worth at 90 cents, and so on. By the time a person has

worked 20 years, the government will have confiscated 64% of every

dollar he saved over those years. By the time he has worked 45 years,

the hidden tax will be 90%. The government will take virtually

everything a person saves over a lifetime." ~ G. Edward Griffin
 
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