- Description
- Print paper money to create inflation
which, in effect, "taxes" personal savings. - Asset Code
- TaxInfla
- Circulating Supply
- 0.5000000
This Rival Coin represents support for a personal savings tax via inflation.
Why is inflation a tax on savings? Government creates inflation by printing more paper money, which increases the money supply. Even though prices and salaries will rise at about the same rate, your SAVINGS will not, thus inflation (by printing more money) is effectively the government taxing your savings WITHOUT legislation, due to reducing your savings’ purchasing power. See video below for more info.
Tax Assassin
| Competitor | Description | Circulating Supply |
|---|---|---|
| Flat Fee Tax | Everyone pays the same fixed dollar amount. | 3.0000000 |
| Flat % Tax | Everyone pays the same percentage of their total income. | 2.0000000 |
| Progressive Tax | The more you earn, the higher the PERCENTAGE of tax. | 1.0000000 |
| Inflation Tax | Print paper money to create inflation which, in effect, "taxes" personal savings. | 0.5000000 |