HYPERINFLATION is a 100% TAX on Income
I have been reading a bunch of nonsense by Fools about Obama "inflating" his way out of this problem. When you are running a deficit that is about 50% of your budget against a backdrop of a contracting private economy.....inflation is not an option.....ONLY HYPERINFLATION is the end.... because you must print so much money to gap the exponentially growing deficits that money effectively becomes worthless.
The problem with a hyperinflationary cycle is that money is worthless......wages NEVER keep up with rising costs until income and savings are effectively taxed 100% due to practically no buying power of the cash in one's hand at any given time.
Further, owning assets is NOT a solution because the costs to maintain the assets exceed the person's ability to pay......heating your house for a month costs one year of income....etc....
So you if think a 100% tax on your income or assets is an unthinkable solution.....what do you think about the consequences of hyperinflation???????
Welcome to Alstrynomics and Zombulation.....where the reality of the practical fuse with economics.