How Bidenomics is quietly robbing you blind WashTimesOpEd
became president, and prices have already risen 16% during his term. This is devastating for the average American worker.
That means the average American worker last month paid an inflation tax of 13.5%, like paying a second income tax. And unlike the federal income tax, which has deductions, tax credits, and other ways to shield your income, there is no safe harbor in the stormy waters of inflation. Every dollar everywhere loses purchasing power as the government devalues the currency to pay for its profligate spending.
Inflation enables unelected bureaucrats to finance trillions of dollars of spending without a single public hearing or vote from Congress.
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