“There are basically two kinds of tax, the kind the masses can see, and the kind they can't. The inflation tax is of the second kind.” KindTwoTaxesMassInflation Author:Michael Maloney
“"Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small.” GivenRaceTaxesPercentHotRateAverageTrackDecentInvestorsInflationSteepRace Track Author:William Poundstone
“Government spending is always a “tax” burden on the American people and is never equally or fairly distributed. The poor and low-middle income workers always suffer the most from the deceitful tax of inflation and borrowing.” PeopleGovernmentSufferingPoorMiddleTaxesLowsWorkersBurdenSpendingIncomeInflationBorrowingDeceitfulGovernment SpendingTax Burden Author:Ron Paul
“I think it's time we had a President who will provide the only real economic security: good jobs. A President who will provide middle class payroll tax relief to get money in the pockets of workers who will spend it, not more tax giveaways for those at the top to stimulate the economy in the Cayman Islands and Bermuda. A President who will index the minimum wage to inflation and raise it from a 30 year low, not increase the tax burden on the middle class and those struggling to join it.” ThinkingYearsRealJobsPresidentClassStruggleEconomyEconomicMiddleSecurityTaxesLowsIncreaseRaisesWorkersBurdenIslandsReliefMiddle ClassPocketsMinimumGood JobInflationMinimum WageGet MoneyPayrollEconomic SecurityPayroll TaxTax BurdenBermudaCayman Islands Author:John F. Kerry
“Inflation has ... become the cruelest tax, destroying the value of the dollar and adding new costs to every purchase.” ValuesCostTaxesDollarsDestroyingInflation Author:Ella T. Grasso
“Tax reduction has an almost irresistible appeal to the politician, and it is no doubt also gratifying to the citizen. It means more dollars in his pocket, dollars that he can spend if inflation doesn't consume them first. But dollars in his pocket won't buy him clean streets or an adequate police force or good schools or clean air and water. Handing money back to the private sector in tax cuts and starving the public sector is a formula for producing richer and richer consumers in filthier and filthier communities. If we stick to that formula we shall end up in affluent misery.” IfsFirstsMeanEndsSchoolForceWaterCommunityDoubtCuttingAirStreetsCitizensPoliticianTaxesPoliceDollarsMiseryCleanSticksAppealsConsumersNo DoubtPocketsFormulasAdequateInflationStarvingIrresistibleReductionPrivate SectorTax CutsAffluentPolice ForcePublic SectorClean AirGood SchoolAir And Water Book:The Recovery of Confidence Source: The Recovery of Confidence
“Salaries haven't kept up with inflation, and there is such anger coming out of Washington about immigrants that I think it has curtailed the ability of local folks here to hire immigrants, .. I really believe it starts from the top, and the policy continues to be one of ignoring people at the bottom, cutting taxes for those on the top and spending a lot of money for a war built on lies.” PeopleThinkingBelieveWarLyingAbilityCuttingHavensPolicyTaxesBuiltAngerBottomFolksSpendingLocalsImmigrantsComing OutLots Of MoneyInflationSalarySpending A Lot Of MoneyIgnoring People Author:Jose Serrano
“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.” WayYearsRealSeemsInterestDifferencesPayEconomicPeriodsTaxesPercentAccountsIncomeSavingZeroInflationSavingsOutrageousWidowsIncome Tax Author:Warren Buffett
“Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression - wherein the entire sickly structure comes unglued.” GovernmentCausesEconomyTaxesStandardsStructureRegulationCurrencyInflationInterventionIncompleteDistortionRecessionsDegradeStandards Of LivingCleansingGovernment Intervention Author:Doug Casey
“The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.” WayAbleInterestTaxesConsequenceIncreaseSellsRateAbsenceInevitableFundFedsPrintInflationDeficitPrintingRecessionsTreasuryInterest RateBuyersRunawayTax Increases Author:Doug Casey
“It is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax - some people would say steal from - us through inflation.” PeopleWayGovernmentWould BeLawAbilityEconomyWiseTaxesGoldStealingBoardsLife And DeathSilverSubstitutesPermitReservesInflationMonopolyReducingTransactionsFederal ReserveRecommendationsGold And SilverPlatinum Author:Walter E. Williams
“A realistic definition of risk recognizes the potential loss of capital through inflation and taxes, and would include at least the following two factors: The probability that the investment you chose will preserve your capital over the time you intend to invest your funds. The probability the investments you select will outperform alternative investments for this period.” TwoLossRiskPeriodsTaxesInvestmentDefinitionsFollowingFactorsAlternativesPreservesFundRealisticProbabilityInflationSelect Book:Contrarian Investment Strategies in the Next Generation Source: Contrarian Investment Strategies in the Next Generation
“Taxes on capital, taxes on labor, inflation, bureaucratic regulation, minimum wage laws, are all - to different degrees - unnecessary slices of the wedge that stand between an individual's effort and reward for that effort.” DifferentLawIndividualEffortTaxesDegreesLaborRewardsRegulationUnnecessaryMinimumInflationMinimum WageWedges Author:Jack Kemp