governments may prefer an inflation tax to some other type of tax because the inflation tax This is a topic that many people are looking for. star-trek-voyager.net is a channel providing useful information about learning, life, digital marketing and online courses …. it will help you have an overview and solid multi-faceted knowledge . Today, star-trek-voyager.net would like to introduce to you Inflation Tax Explained. Following along are instructions in the video below:
“I d like to do is explain. The term inflation tax. After all this website website is called inflation tax threat calm. And i do realize that the word inflation.
The word tax. Don t seem to go or belong together. At all because inflation is understood by most to be the natural rise in prices with time just things cost more and more over time and a tax is a mechanism. Where basically the government takes money from us and to use use that money for various programs and spending purposes.
Things like the sales tax personal income tax property tax things like that so why would i put those two terms together and the reason is is because that s what inflation is inflation is not natural inflation is an intentional tax. Just another one of the many forms of tax and the natural question. Then is well what is being taxed. You don t recall seeing it on the bottom of receipts.
Showing you paid x amount of dollars for the inflation tax or it s not you know you know on your personal income tax. Return forms showing how much income tap or inflation tax. You ve been paying. So.
You know how how is it attacks. And how is it collected from us well our money money itself. Has been designed to be taxed and so the reason things cost..
More with time is because money becomes worth less with time and the reason money becomes worth less with time is because of the excessive production of money itself and that has the effect of removing value from your existing money transferring it to the government and the sources of government spending. Now don t worry about trying to fully absorb all of that right now let me back up. Though with evidence what i m saying here about inflation being attacks and to do so i m going to read from an exchange between a us congressman and the chairman of the federal reserve which the federal reserve is the us central bank and it was in the summer of 2008 and us congressman. Dr.
Ron paul was asking the federal reserve chairman. Ben bernanke basically this this line of questioning something like this i maintain that inflation is attacks and you talking about the federal reserve are probably the biggest tax er in the country so every time people go and they complain about these higher prices. They should say to themselves i m paying a tax. So i maintain that inflation is an unfair tax a regressive tax.
It hurts the poor it hurts retired people more and so i d like you to comment on this is this completely off base or is there really something to this every time. We see the cost of living going up that we are indirectly paying a tax and the reply from the chairman. Was congressman. I couldn t agree with you more that inflation is a tax inflation is a tax and it might take a while to wrap your mind around that concept.
But just let me give one more definitive piece of evidence here. And it actually goes back to may of 1977. An article in fortune magazine and the title of that article was called how inflation swindles. The equity investor and here s the quote.
The arithmetic makes. It plain. That inflation is a far more devastating tax than anything that has been enacted by our legislature..
Who wrote that article warren buffett wrote that article inflation is a tax and the reason. That this website is called inflation tax threat is because there are a number of factors. That are lining up that clearly point to inflation being a risk to us a very significant risk to us all in the future. And you know the great depression.
During that time. It was there was something called deflation that was going on and there was bank failures. That were happening and and after 1965. There s a period of time where in in through the 70s where there was really high inflation and and and now we re in a unique time where we re we ve are seeing things like bank failures.
And and massive money being thrown at the financial system. And that the economy to stimulate. It and all these different kinds of things so every time period is unique. But there are so many factors right now that are clearly pointing to inflation.
Tap. The inflation tax threatening to rise significantly and and basically when inflation tax. When that tax rises significantly. What means is the value of your money is yanked from you at a faster and faster pace.
And there s really specific things that you need to that you need to do thankfully. They re they re pretty easy to do in the end when you understand what it is and why you need to do that if you haven t already done. So..
I d recommend go to the home page enter your email. Address and gain access to the file. And the video commentary on that file. Because this this will connect well with what i ve said right here and of course beyond that feel free to explore this website and i would also want to direct you towards the the report section of the website talking about the report that i ve written it is a paid report.
But it expands on this in a very logical progression and i think in a very useful fashion and gives my opinion of the actions. I feel that are critical for you to take to protect yourself against the t of cba shareholders out there today wondering what this means for their dividends can you give any clarity around for those people that really rely on cba dividends in fact for their for their income well of course. The dividend is a very important decision and at the forefront of one of the core decisions for the commonwealth bank board. We believe that this is a positive thing as i said for cba shareholders.
Because it will allow us to focus on our core banking businesses in australia and new zealand. And where they d emerged a new entity in the cfs group which will include all of these wealth management businesses. Which are attractive in their own right and also allow cbi shareholders to participate in their performance. You talk about also a strategy update.
Come august. 8. Can you give us any insight at all into that. And what that looks like is there going to be more announcements like this it s a focus on costs your digital profile.
What what can you what insights can you give. Well. Today s announcement is all about bringing clarity to the future of our wealth management businesses and importantly the opportunity for commonwealth bank shareholders to participate in the growth of the wealth management business at our full year results in on the 8th of august..
We ll talk a little bit more about our strategic priorities in the ongoing commonwealth bank group. And where we ll be focusing on for growth matt. I m going to be fair to say. It s been a pretty torrid start for uc cbk.
You know we ve seen. The apple report the old track issued the children s savings accounts. Lost data tapes that you know the hits have kept coming in the last couple of months. What are you doing and how and how confident are you in terms of the reputation or repair for cba well clearly.
There s been some issues to deal with in the first couple of months. As you mentioned. I think today is a very important and significant step as is also the appointment of my executive leadership team we ve dealt with the number of the issues. I think that s going to allow us to now focus on the future and of course earning.
The trust of our customers and the broader community and ensuring that we re the best bank that we possibly can be going forward. ” ..
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