new_trader
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No i'm not stating facts, i'm proposing a new tax system through inflation.I thought it would be an interesting discussion![]()
AND YOU STILL DON'T UNDERSTAND!!!
INFLATION IS A TAX ALREADY BEING USED BY GOVERMENTS...FFS!!!
But no Government will admit it openly because it is a dishonest tax. They will blame speculators or the weather or seasonal conditions, but they will never, ever, ever admit that inflation is a tax. Are you really as dense as you make out?
Have you ever heard the term 'Stealth tax'?
And what can people buy with that SPECIFIC WEIGHT OF GOLD! ...Answer = what ever the seller of goods thinks its worth at that time .
Correct, that is a free market. When you make a contract under a gold standard, you know that you will be paid an amount that will not change through Government interference. Imagine agreeing to sell something for 1 ounce of gold and then the government changes the number of grams in a troy ounce!
Think of it this way: If you lend a friend a DVD for 5 years with no interest you would expect to get the DVD back, right? Not half a DVD or less. You will get a FULL DVD.
But, if you lent him the equivalent of a DVD in £, interest free, in 5 years time when he pays you back, the money might be able to buy a DVD or it might not. Maybe it will buy more than one DVD or maybe less.
Do you see the difference? With the first contract you are 100% certain you will get a FULL DVD in 5 years time. With the second contract you are UNCERTAIN.