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"Inflation is a hidden tax on everyone."
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Inflation
The devaluation of money.
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services; consequently, annual inflation is also … see full wiki
3 reviews about Inflation
Showing 1-3 of 3
Inflation, a dirty word for politicians and economists. Yet, it's on almost everyone's mind these days, including some distant villagers in China. There have been many talks about this topic in the business world, be it from the academics, business leaders, employers, employees, real estate agents, or even children. Everyone knows inflation is an evil in one's life. It exists whether you like it or not. The point is you can't eradicate it, you can only … more
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Compliments (96)
Taxation has a lot of names. It can be called a Tariff, Licensing Expense, Fee, Government Surcharge and more. Whether you are buying a fishing license or licensing a business, you are paying taxes for the privilege (things that used to be free). When I discussed the current tax situation, broken tax promises and coming new taxes in my previous reviews (like the Tax Day Examination of Taxation)...I overlooked an important hidden tax that affects rich and poor alike...inflation. … more
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Compliments (36)
Interestingly, the only way to beat inflation is to spend those worthless money if you still have any of them left! Otherwise, be prepared for devaluation (if it's not already in progress!)!
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