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To: Tublecane

The point remains that, a better example should have been chosen for illustration purposes. The welfare recipient will not suffer the consequences of a cheapened dollar, because, whatever she/he receives, will be enough to cover the inflation of “her” money. Inflation hits harder on those who don’t get payments that account for that inflation. My money in the bank is not going to be adjusted for inflation when I do decide to withdraw it, or use it for payments.


18 posted on 12/10/2012 1:30:07 PM PST by adorno (Y)
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To: adorno
This is the money quote:

That's not all. 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. With inflation, the government takes the same cut out of both.

The point is the government is robbing everybody, but most especially our accumulated savings which have already been taxed. They are forcing every last dime out of your pocket to the lift the economy. The same economy that they are simultaneously strangling with anti free market policies.

28 posted on 12/12/2012 6:16:27 PM PST by oldbrowser (Put Obama in check, now.)
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