Fred Beloit
2009-10-17 12:15:56
Harpo say: “Savings aren’t taxed you dolt.”
What is a tax? It is a fee charged by the government. When the government prints lots of money and borrows lots of money, the result is usually inflation, as we will all soon find out to our sorrow. So, in a way inflation may be viewed as a government-caused tax on every citizen. In that sense, savings are taxed through inflation.
Who’s your daddy, Harpo? Who’s the dolt?
