What is it and where did it come from?
I just saw a video on Twitter. A very pretty twenty-something is finally realizing what taxation is all about.
First, she talks about how she goes to work and earns five hundred dollars and how every dollar she earns is taxed. Then, she realizes that everything she buys with the dollars she has leftover— is taxed. This would include the things she needs to buy in order to go to work.
As she contemplates further, she realizes that the people she buys things from also pay taxes. In fact, they’re paying taxes on money she already paid taxes on. And the cycle continues indefinitely until finally, she has a eureka moment.
Let her tell you in her own words:
To sum it all up, what she’s realizing, but can’t quite find the words to express (this is my area of expertise) is that a dollar equaling one-hundred pennies, doesn’t disappear, but its value does. We call this inflation. For those people of this young lady’s generation, it is Bidenflation.
PS – I tried to leave a reply, but it seems to have been absorbed into the Twitter void of conservative thought. I can see it on my page but nowhere else. It went something like this:
Eureka!!!! Who says young people don’t understand taxation? You can’t even call it double or triple taxation. It’s infinite taxation.
It’s Bidenflation …..
2 thoughts on “Bidenflation”
Why don’t they teach that in HS? Economics? Financial literacy? Good grief.
They did thirty years ago. Now they teach CRT instead history, math ,science, and economics.