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Consumption tax and inflation #8256129
11/07/24 12:34 AM
11/07/24 12:34 AM
Joined: May 2016
Southern Illinois
F
Foxpaw Offline OP
trapper
Foxpaw  Offline OP
trapper
F

Joined: May 2016
Southern Illinois
How are consumption taxes and inflation the same and/or different?

Re: Consumption tax and inflation [Re: Foxpaw] #8256138
11/07/24 01:21 AM
11/07/24 01:21 AM
Joined: Dec 2006
Rodney,Ohio
SNIPERBBB Online happy
trapper
SNIPERBBB  Online Happy
trapper

Joined: Dec 2006
Rodney,Ohio
Inflation is essentially an indirect tax. Where consumption taxes are those paid when you make a purchase, inflation is a tax on you for not spending money. Part of the reason why there is a target inflation rate and it's not 0.

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