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Tilted Cat Head
Administrator
Location: Manhattan, NY
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taking value is not the same thing as tax.
If you have $100 in your pocket you still have $100 in your pocket. If it buys less because of inflation that is not a tax at all.
If you purchase something or are taxed on something you will have less than the $100 and that taxed money goes someplace in a ledger collecting and snowballing.
otherwise, I don't see how it is a tax.
Quote:
InvestorWords.com
tax
Definition
A fee charged ("levied") by a government on a product, income, or activity. If tax is levied directly on personal or corporate income, then it is a direct tax. If tax is levied on the price of a good or service, then it is called an indirect tax. The purpose of taxation is to finance government expenditure. One of the most important uses of taxes is to finance public goods and services, such as street lighting and street cleaning. Since public goods and services do not allow a non-payer to be excluded, or allow exclusion by a consumer, there cannot be a market in the good or service, and so they need to be provided by the government or a quasi-government agency, which tend to finance themselves largely through taxes.
Read more: tax definition and meaning
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