Last week, we asked readers: "Is inflation taxation?" following recent economic worries on the topic. A total of 439 readers responded to contribute their votes.
The overwhelming majority of voters felt that inflation is a form of taxation with 92.03 percent of the vote (404 readers). Just 5.24 percent said inflation is not taxation (23 readers), and 2.73 percent were "not sure" which side they aligned with (12 readers).
Some refer to inflation as a "hidden tax" that the government controls in addition to numerous other taxes and fees. While inflation has been a part of the U.S. economy for decades, the recent rise of stagflation has many Americans worried. Prices on gas and other goods have risen steadily over President Biden's first eight months in office. It will be interesting to see how the Biden administration handles this economic turmoil as the government pushes for trillions to be spent on their infrastructure bill.
Disclaimer: These polls are to measure the opinions of our readers, and the results reflect the views of those who choose to respond. These polls are opinion-based and not proven, nor based on scientific methods of sampling, data collection, and analysis. We encourage all readers to be informed and educated based on scientific methods of data collections.
