FastSaying

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

Thomas Sowell

Thomas Sowell

HavingInflationMostOpenlyPeopleRaiseTakeTaxTaxesThemUniversalWayWealthWithout

Related Quotes

Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all.
— Thomas Sowell
BotherEntireGovernment
With various people complaining about "price gouging”... economist Walter Williams has coined a new term: "Tax gouging." But government is never accused of either "greed" or "gouging" — not even when they bulldoze people's homes in order to turn the land over to businesses that will pay more taxes.
— Thomas Sowell
Taxes
The biggest and most deadly 'tax' rate on the poor comes from a loss of various welfare state benefits - food stamps, housing subsidies and the like - if their income goes up.
— Thomas Sowell
BenefitsBiggestDeadly
The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction.
— Thomas Sowell
AssumptionBasedBeen
The simplest and most psychologically satisfying explanation of any observed phenomenon is that it happened that way because someone wanted it to happen that way.
— Thomas Sowell
AnyBecauseExplanation