“The way to crush the bourgeoisie [middle class] is to grind them between the millstones of taxation and inflation.” – Vladimir Ilyich Lenin
Return of Kings : Most people forget one of the reasons for the original thirteen colonies revolt against Britain and the king was because of high taxation and taxation without representation. Progressives and SJWs typically view taxation as a tool to help those in progressive “protected classes” which they call “the poor”. We hear the narrative “the rich don’t pay their fair share.” If the rich do not pay their fair share why are so many wealthy people for socialism? Why are some for higher taxes? Who are “the rich” progressives are referring to and why do wealthy progressives always advocate government involvement to address poverty, i.e. socialism.
Paying of taxes are an integral part of life. All of us use services provided by the government. Taxation is necessary for the functioning of any nation. High taxation can be used as a means to hinder, suppress and even discourage certain types of economic activity or economic activity in general. The power to tax contains the power to take 100 percent of the earnings from any economic or productive activity. Eventually economic activity will cease if 100 percent or the majority of the fruits of labor are taken and drained away through taxation. Any and all economic activity can be destroyed by taxation. more
Little-known fact – in the 19th century the value of the dollar didn’t go down a lot. In fact, at times it went up which concerned people who had loans and had to essentially earn more to pay them off.
Then the Fed was created…
https://www.officialdata.org/1776-dollars-in-2013?amount=1