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samcol, when the exact same thing happens without the intent, it behaves in exactly the same way. Therefore it can't be viewed as a tax. It's also not "money you have in your pocket" so much as the future purchasing power of that money. If you're saving that money, then it impacts you. If you're investing that money, then the question becomes much more complex. It's one reason that I'm bond-heavy right now.
Is it necessarily good? No. Is it necessarily bad? Not necessarily.
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