![]() But wherever she may hide it, inflation can steal value from it without having to lay a hand on it. She can put a few dollars aside in a jar somewhere. But a welfare mother is unlikely to be able to buy real estate or gold. PC version was released exclusively in Australia and New Zealand as a budget release in 2005. It is the fifth game in the Tony Hawk's series. "This can happen because the rich can more easily convert their assets from money into things like real estate, gold or other assets whose value rises with inflation. Tony Hawk's Underground, also called THUG and loosely referred to as Tony Hawk's Pro Skater 5, is a skateboarding video game for the PS2, GameCube, Xbox and GBA platforms released in 2003. "It is bad enough when the poorest have to turn over the same share of their assets to the government as the richest do, but it is grotesque when the government puts a bigger bite on the poorest. With inflation, the government takes the same cut out of both. "Income taxes only transfer money from your current income to the government, but it does not touch whatever money you may have saved over the years. "If you put $1,000 in your piggy bank in 1960 and took it out to spend in 2000, you would discover that your money had, over time, lost 80 percent of its value. Governments have stolen their people’s resources this way, not just for centuries, but for thousands of years. "O ne of the biggest, and one of the oldest, taxes is inflation.
0 Comments
Leave a Reply. |