Institutionalized Slavery Through Inflation

[CitaDeL]

"Inflation has now been institutionalized at a fairly constant 5% per year. This has been determined to be the optimum level for generating the most revenue without causing public alarm. A 5% devaluation applies, not only to the money earned this year, but to all that is left over from previous years. At the end of the first year, a dollar is worth 95 cents. At the end of the second year, the 95 cents is reduced again by 5%, leaving its worth at 90 cents, and so on. By the time a person has worked 20 years, the government will have confiscated 64% of every dollar he saved over those years. By the time he has worked 45 years, the hidden tax will be 90%. The government will take virtually everything a person saves over a lifetime."

-- G. Edward Griffin

If you ever wonder why it is that you have nothing after working your life away, this no doubt, plays a significant part.

[joazinha]

Perhaps that is a MAJOR reason why some people refuse to work anymore. Why slave away only to have it stolen from you?!