Some of us believe we could have averted at least some of this inflation if we (meaning Congress) had been willing to raise the revenues to pay the bills. Do you believe that? I do.
Inflation is sort of a sales tax, because it applies to what we buy. And it's sort of a flat tax in the sense that it applies to all equally. Of course it's different from a flat tax in that a flat tax applies to income. But still, it applies equally to all, which is a big part of the appeal of the flat tax.
Most of us aren't fans of the sales tax, but almost all states have one. So I guess we don't dislike it too much or we'd elect people to get rid of it.
Inflation is sort of a sales tax, because it applies to what we buy. And it's sort of a flat tax in the sense that it applies to all equally. Of course it's different from a flat tax in that a flat tax applies to income. But still, it applies equally to all, which is a big part of the appeal of the flat tax.
Most of us aren't fans of the sales tax, but almost all states have one. So I guess we don't dislike it too much or we'd elect people to get rid of it.