This has to be the biggest joke in existence, they’re finally going to get the rich guys! After income taxes, corporate taxes, business taxes, social security taxes, Medicare taxes, and estate taxes all did the opposite of tax the rich, this one will totally not be used to take every penny from you!
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I'm going to argue what we're seeing isn't inflation rather than the devaluing of the US Dollar thanks to the money printer going BRRRRRRR....
But to the average person the effect is the same. It takes more dollars to buy things.