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It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

Thomas Sowell
People, Way, Wealth
"Fiscal Cliff Debate Is About Size of Government, Not Taxing 'the Rich'" by Thomas Sowell, www.realclearpolitics.com. December 4, 2012.
It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.