[RandFan]

It’s a tax. You pay one or another

They should be honest about it and levy a direct, one-off tax but they will do it through inflation as the direct way is not feasible or popular.

[Right_Wing_Madman]

they will do it through inflation as the direct way is not feasible or popular.

A tax increase through a seven-person board is so much easier than trying to go through 535 members of Congress.

[Nateman]

...but they will do it through inflation...

I continue to keep track of the Money supply thru the Mises web site. The Feds are actually cutting back! This usually results in a Recession. Reagan did the same thing but because he also cut taxes and red tape the pain was minimized and Inflation cut way back.