The biggest tax we pay is the inflation tax. Before the Fed inflation went up and down for over 100 years - staying basically at zero while products improved. Since the Fed, well a much different story:
The only 'green' since the Fed was after WWI and the Great Depression. The Fed needs to go. This chart is also using the government flawed CPI - real inflation being even higher. If I save my money, which has already been taxed, get a really good 5% on it, what do I get at the end of the year? I get a 5% inflation in the real world - which puts me at even - then the government taxes my interest made; now I am behind. Even a very responsible middle class citizen is going to fall behind and the classes will continue to slowly divide.
Tuesday, July 7, 2009
I have to give microsoft and the gaming world credit: they have finally figured out how to get more money out of my pocket. When I find a good game - Halo, Gears, COD, splinter cell, etc... - I tend to play it, well indefinitely. The online play continues to keep the game fun, but now they have started releasing map-packs for all these games. At first it was really cool, new maps - great; but now not as much. They know we want the achievement points so they now come with those. Not only that but the old maps never become free, and after a while you can't even play online without the new maps. I guess if it weren't for 360 voice I wouldn't mind as much. They have won this battle, but the war is not over. With a kid right around the corner they may not see the likes of me.