Inflation Tax Quotes

#1. There are basically two kinds of tax, the kind the masses can see, and the kind they can't. The inflation tax is of the second kind.

Michael Maloney

#2. We gotta control inflation, quit spending our money on everything. But this years tax increase, why it's the biggest in history.

Hank Williams Jr.

#3. A tax dollar paid today is far more expensive than one paid in future dollars. With inflation, money becomes less valuable over time because of the cost of goods increases.

Coreen T. Sol

#4. When it comes to decreasing inequalities of wealth for good or reducing unusually high levels of public debt, a progressive tax on capital is generally a better tool than inflation.

Thomas Piketty

#5. In the quarter century between 1979 and 2005, average after-tax income (adjusted for inflation) grew by $900 a year for the bottom fifth of American households, by $8,700 a year for the middle fifth, and by $745,000 a year for the top 1 percent of households.

Robert D. Putnam

#6. People who think a tax boost will cure inflation are the same ones who believe another drink will cure a hangover.

Ronald Reagan

#7. When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.

Ronald Reagan

#8. 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

#9. Government has no wealth, and when a politician promises to give you something for nothing, he must first confiscate that wealth from you
either by direct taxes, or by the cruelly indirect tax of inflation.

John Wayne

#10. Inflation has ... become the cruelest tax, destroying the value of the dollar and adding new costs to every purchase.

Ella T. Grasso

#11. Government spending is always a "tax" burden on the American people and is never equally or fairly distributed. The poor and low-middle income workers always suffer the most from the deceitful tax of inflation and borrowing.

Ron Paul

#12. We know that inflation distorts economic behavior. In the 1970s, a combination of high tax rates and inflation prompted investors to flee production in favor of protection.

Nina Easton

#13. Inflation is a form of tax, a tax that we all collectively must pay.

Henry Hazlitt

#14. Republicans don't seem to mind taking inflation into account when the subject is tax rates.

Timothy Noah