You are viewing a single comment's thread from:
RE: Cantillion Effects
@cripto.piotr, thanks for inviting me, but after reading this great article I must affirm that the government strategy of gaining extra peny have been exposed through Catellion effect. No wonder whenever any government of any country increases salary nothing changed because they will indirectly increase tax, thereby raising the cost of goods and services. Government earn more money through the expenses of the poor populace. I'm happy to come across this article, it is an eye opener for me.
The government is clever, they have learned from history that if you tax the people directly, you will have a situation similar to France right now. However through inflation, the government can steal from the people without them knowing. It like comparing a mugger (taxes) to a pickpocket (inflation). The former is an obvious criminal so you know to defend yourself, the latter stole your money without you noticing.
Yes your correct @snoreball
Comparing inflation to "hidden taxes" is a great comparison @snoreball
Cheers, Piotr
Thank you for that amazing comment @maclevis
I'm glad you decided to share your thoughts with us.
Cheers
Piotr