Comments on: Tax and Inflation Penalize Savers http://thefinancebuff.com/redeemed-may-2002-ee-bonds.html like a friend telling you about money ... Tue, 22 May 2012 00:03:35 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: joe http://thefinancebuff.com/redeemed-may-2002-ee-bonds.html#comment-7993 joe Thu, 16 Feb 2012 15:07:58 +0000 http://blog.thefinancebuff.com/?p=110#comment-7993 The G men tax your inflationary gains so you have to choose between dog food and cat food for dinner. If they really cared about you, they wouldn't tax inflationary gains. The only reason we have inflation is because we have a federal reserve who prints money for their own gains. When they print money, they gain. You lose because you can't print money and thus your dollar is now worth less as there are now more dollars chasing the same number of goods. So how do you get rich, by not paying tax and beating inflation. Tough to do. I firmly believe any investment over the long run the best one can do is match inflation, you can't beat it. Gold seems to do this pretty well. The G men tax your inflationary gains so you have to choose between dog food and cat food for dinner. If they really cared about you, they wouldn’t tax inflationary gains. The only reason we have inflation is because we have a federal reserve who prints money for their own gains. When they print money, they gain. You lose because you can’t print money and thus your dollar is now worth less as there are now more dollars chasing the same number of goods.

So how do you get rich, by not paying tax and beating inflation. Tough to do. I firmly believe any investment over the long run the best one can do is match inflation, you can’t beat it. Gold seems to do this pretty well.

]]> By: Slim999 http://thefinancebuff.com/redeemed-may-2002-ee-bonds.html#comment-184 Slim999 Sat, 07 Jul 2007 05:57:00 +0000 http://blog.thefinancebuff.com/?p=110#comment-184 Come on people ... THIMK!<br/><br/>The government doesn't WANT you to save, that's why they just screwed you over. It's to TEACH YOU A LESSON.<br/><br/>If you save ... then you didn't spend! The economy didn't get better. Politicians begin sweating. You paid no sales taxes on top of the income tax. Your saved money that wasn't spent wasn't then used to pay the cashier, who then pays income taxes on THAT!<br/><br/>If you're wondering why the government is taxing interest earned on saving, then you aren't paying attention.<br/><br/>The government taxes people for doing things the government doesn't want them to do! It's called a "disincentive."<br/><br/>Invest your money ... don't save it (beyond of course, emergencies and your down payment on a home.) Come on people … THIMK!

The government doesn’t WANT you to save, that’s why they just screwed you over. It’s to TEACH YOU A LESSON.

If you save … then you didn’t spend! The economy didn’t get better. Politicians begin sweating. You paid no sales taxes on top of the income tax. Your saved money that wasn’t spent wasn’t then used to pay the cashier, who then pays income taxes on THAT!

If you’re wondering why the government is taxing interest earned on saving, then you aren’t paying attention.

The government taxes people for doing things the government doesn’t want them to do! It’s called a “disincentive.”

Invest your money … don’t save it (beyond of course, emergencies and your down payment on a home.)

]]> By: Shadox http://thefinancebuff.com/redeemed-may-2002-ee-bonds.html#comment-141 Shadox Sun, 13 May 2007 08:12:00 +0000 http://blog.thefinancebuff.com/?p=110#comment-141 I agree. Taxing inflationary gains is crazy! I happen to know for a fact that some countries do not tax inflationary gains, and only tax real gains.<br/><br/>It is not a complicated matter, financial institutions handle the reporting behind the scenes, such that it is transparent to the small investor, and is pretty much cheat proof. I agree. Taxing inflationary gains is crazy! I happen to know for a fact that some countries do not tax inflationary gains, and only tax real gains.

It is not a complicated matter, financial institutions handle the reporting behind the scenes, such that it is transparent to the small investor, and is pretty much cheat proof.

]]> By: Ted Valentine http://thefinancebuff.com/redeemed-may-2002-ee-bonds.html#comment-139 Ted Valentine Fri, 11 May 2007 21:03:00 +0000 http://blog.thefinancebuff.com/?p=110#comment-139 Do you think savings rates for people would increase if the government offered a tax deduction equal to inflation on savings earnings? Do you think savings rates for people would increase if the government offered a tax deduction equal to inflation on savings earnings?

]]> By: Jonathan http://thefinancebuff.com/redeemed-may-2002-ee-bonds.html#comment-129 Jonathan Wed, 02 May 2007 22:25:00 +0000 http://blog.thefinancebuff.com/?p=110#comment-129 It's good to be the government. They control the presses, and they tax the results.<br/><br/>To make things fair, I want my cush state job with guaranteed health care and pension during retirement! It’s good to be the government. They control the presses, and they tax the results.

To make things fair, I want my cush state job with guaranteed health care and pension during retirement!

]]> By: Robert http://thefinancebuff.com/redeemed-may-2002-ee-bonds.html#comment-124 Robert Tue, 01 May 2007 15:38:00 +0000 http://blog.thefinancebuff.com/?p=110#comment-124 taxing inflation might be wrong, but trying to come up with a fix would probably be worse than the disease. taxing inflation might be wrong, but trying to come up with a fix would probably be worse than the disease.

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