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IPFS News Link • Biden-Harris Deep Fake Administration

Expanding IRS Tyranny to Reduce Inflation

• by Jacob G. Hornberger

The money is intended to be used for enhanced tax enforcement, especially through the potential hiring of 87,000 new IRS agents who, to borrow a phrase from the Declaration of Independence, will be further eating out the substance of the American people.

Using soaring prices of gasoline, food, cars, and most everything else as a way to seize more money from the American people should not surprise anyone. Government officials know that most people have been schooled in public (i.e., government) schools and, therefore, have no idea that those rising prices are a direct consequence of monetary debasement at the hands of the Federal Reserve. Given such, they are willing to fall for any trick that the government pulls on them to extract a larger share of their income.

There is one — and only one — cause of monetary debasement. That's the Federal Reserve. It debases the value of money by printing ever-increasing amounts of it. Increasing the amount of paper money lowers the overall value of it. The only way that lower value can be reflected is through higher prices for the things that money buys.

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