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Here’s How Biden’s Spending Could Become
A Hidden Tax On Everything You Purchase

Original Article

Posted By: Imright, 5/13/2021 6:58:16 AM

As the U.S. climbs out of a once-in-a-century pandemic, rising prices have led to increasing worry that rapid inflation could be just over the horizon.Americans have already witnessed higher prices in the past few months, with everything from gasoline to lumber to basic home items jumping in cost. The increases, partially fueled by non-existent interest rates and record government spending, could lead to inflation that the U.S. has not seen in decades, experts say.“In the short term, consumers can expect to see rising prices across the board,” Henry Olsen, a senior fellow at the Ethics and Public Policy Center and a columnist at The Washington Post,

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Reply 1 - Posted by: Bur Oak 5/13/2021 7:28:32 AM (No. 783962)
I'm so old I can remember when gasoline was 30 cents a gallon and a candy bar was a nickel. The government plans to pay off its debts with greatly devalued dollars. Welcome to the rerun of the 70's.
12 people like this.

Reply 2 - Posted by: Clinger 5/13/2021 8:04:24 AM (No. 783996)
Frankly it's a sad state of affairs when anyone feels compelled to inform people that all taxes imposed on societies providers finds its way to societies consumers. It’s only “hidden” by deliberate deception. That deception is made easy by preying on the common human fault of envy. Nothing done via the tax code to go after “big business” or the “rich” changes how we, the very same people calling for business and the rich, establish the relative value or utility of what they do by virtue of our own purchasing behavior.
1 person likes this.

Reply 3 - Posted by: bpl40 5/13/2021 8:17:57 AM (No. 784004)
The connections are endless. Continued COVID payment keeps potential workers home. Employers have to pay one and a half times overtime to existing employees. Who pays the difference? The employer out of his pocket? Ha, ha!
3 people like this.

Reply 4 - Posted by: PeterWolosin 5/13/2021 8:28:54 AM (No. 784020)
It's not 'could be,' it's 'will.' It's not a matter of 'if,' it's a matter of 'when.' Biden's presidency will result in skyrocketing inflation, and who will that inflation hurt the most? The middle and lower-middle class. The very people this fool claims to be fighting for.
5 people like this.

Reply 5 - Posted by: Strike3 5/13/2021 8:32:31 AM (No. 784023)
This obvious common sense will be repeated ad nauseum by people like Hannity who must explain the same economic facts daily so even the democrats might get it. That 400K income cutoff was their usual line of bull and we knew it.
5 people like this.

Reply 6 - Posted by: dst4life 5/13/2021 8:34:20 AM (No. 784024)
Xiden, who has no idea how the world works--and also doesn't know where he is or what he's saying--bears complete responsibility for this mess.
3 people like this.

Reply 7 - Posted by: planetgeo 5/13/2021 8:38:06 AM (No. 784030)
Inflation is the cruelest tax of all. Hidden in bullshiite. Affects the poorest the most.
5 people like this.

Reply 8 - Posted by: Phantomll 5/13/2021 8:53:51 AM (No. 784060)
Every bad thing Xiden has done was predictable and we're supposed to believe that 80 million people voted for this disaster.
4 people like this.

Reply 9 - Posted by: GreatGreyhounds 5/13/2021 9:21:34 AM (No. 784102)
And this Joker steals the White House right before I was ready to retire...
5 people like this.

Reply 10 - Posted by: LC Chihuahua 5/13/2021 9:40:21 AM (No. 784127)
The inflation tax. Our government has turned taxation into an art form. Our government spends money it does not have contributing to a debt it cannot sustain. Meanwhile we have someone at the wheel that finds it a challenge just to make it through the day. Never mind they have no intention of resolving the problem. This has been going on for decades. Democratic and Republican Presidents. Democratic and Republican controlled Congresses. Did we ever have a two party system? We certainly never had any real alternatives. Trump was our best chance, and even he could not fix Washington. They chased him out. There are consequences. This does not end well.
2 people like this.

Reply 11 - Posted by: john56 5/13/2021 10:18:37 AM (No. 784180)
I really didn't like the 70s. Well most of the 70s. And these are some of the parts I liked the least.
2 people like this.

Reply 12 - Posted by: DVC 5/13/2021 11:39:57 AM (No. 784298)
In all of history, governments have inflated the currency because it is to their advantage to do so. So the corrupt ones do it. The honest ones work hard to avoid it. We have an extremely corrupt government these days from the FBI/KGB to the criminal class running Congress.
2 people like this.

Reply 13 - Posted by: JimBob 5/13/2021 1:06:42 PM (No. 784403)
Headline correction: "Could Become A Hidden Tax" should read: "Is Already Becoming a Not-So-Hidden Tax"
0 people like this.

Reply 14 - Posted by: JimBob 5/13/2021 1:12:19 PM (No. 784407)
2nd thought, that occurred just as I clicked on 'Submit': My understanding is that 'Fiat', or 'agreement' currencies, that is, currencies that are not directly backed by a physical wealth such as gold, have ALWAYS ended in runaway inflation and worthlessness. EVERY ONE OF THEM. The Leftists that are destroying America are pushing this forward with Both Feet on the Accelerator Pedal. "The surest way to attack a Capitalist society is to Debauch the Currency"..... Lenin. ..... and the Left is working hard to do just that!
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