Economists often call it the inflation tax, but it’s the only tax nobody voted for.
When the government raises income tax, you see it on your paycheck. You know exactly how much was taken. But when they print money, nothing is taken from your wallet. Instead, the value of the money inside your wallet shrinks.
It is a silent robbery.
If you worked hard to save $10,000, and inflation runs at 10%, you essentially paid a $1,000 tax on your savings. The government got the spending power, and you paid for it with higher prices at the grocery store.
The rich can avoid this tax by buying assets like houses and stocks. The poor and middle class, who keep their savings in cash, get hit the hardest.
Bitcoin is a shield against the inflation tax. Because the supply cannot be increased, it cannot be used to secretly tax your wealth. It keeps the fruit of your labor safe from the printer.