Do you think that is a correct statement? Value your opinion.
Inflation is a form of penalty. A tax is collected by the government, whereas inflation is collected by banks.
Obviously the government dictates a fair amount of inflation and gets a piece of the pie on income tax. But ultimately the financial markets and costs of goods and services themselves drive it.
The end result is also different. With a tax, we’re supposed to get some sort of benefit, whereas with inflation we don’t. Except for the rich elite that is.
A pretty wise fellow that taught some strict business law said inflation was the cruelest tax of all.