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TBone
7644119b18ec56b5b2779e0d035e7712a9d669dbfbe5b2c5f458cb564afb6c95
Homesteader. Steak Approver. Ungovernable. Unemployable. #bitcoin only #nostr only
Replying to Avatar Nunya Bidness

I must admit, I saw this on Twitter and didn't think much of it.

But now I recognise how absurd this is.

The auto AI when you search using brave browser. I'm assuming it uses some kind of Google thing.

AI seems to be giving more accurate information these days.

Your normie friends should read this...

What's the bigger tax, income or inflation?

According to the search results, inflation is a real tax that redistributes purchasing power from businesses and households to the federal government. The inflation tax is not only real, but it’s massive, exceeding $1.9 trillion in 2021. This tax is a result of unanticipated inflation, which benefits borrowers at the expense of creditors. In contrast, income tax is a deliberate tax imposed by the government to fund its activities.

The search results also highlight that inflation has a greater impact on the finances of low-to-middle-class wage earners, making it a “tax on the poor.” Additionally, industries can create inflation unintentionally by passing on increased costs to customers, leading to a higher demand for goods and services and a subsequent spiral of inflation.

In conclusion, based on the search results, inflation is the bigger tax, as it has a significant impact on the economy and individuals, whereas income tax is a deliberate tax imposed by the government.

Today we planted an oak tree.

We may never sit in its shade.

But our descendants will.

Pondering the decisions we made.

It is small and fragile.

But nurture it, we will.

It shall stand strong as a reminder.

Long after the memories fade.