Thursday, May 12, 2005

Taxes, Gasoline, and the Coming Economic Slowdown

Safe Haven | Taxes, Gasoline, and the Coming Economic Slowdown
Richard Hoskins explains how taxes are used by the government to remove excess money from circulation in order to curtail inflationary pressures and to prevent imbalances in the accumulation of wealth. What is not widely known is how modern day governments employ the use of surrogates to tax money out of circulation in a non-official capacity. One such example of surrogate tax collectors are the petroleum concerns, which use their control over the price of gasoline and other fuels to tax consumers, mop up excess liquidity and reduce consumption.
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