Stealth Wealth Tax

There are taxes we see and taxes we don’t see.

This piece points out that savings accounts currently earn a rate of interest lower than even the low inflation acknowledged by the government. This inflation tax, which the government creates by printing money, is impoverishing everybody with any savings each year. The government then compounds the injury by taxing the investment income, making the return even more negative after tax and after inflation.

This is worth keeping in mind when we discuss taxes.

Click here for the piece.