The government is taxing you into poverty.



Since 2019, the price of basic necessities has undergone a violent revaluation that the official CPI numbers conveniently ignore.

Car insurance is up 56.1%, electricity has jumped 40.4%, and your morning coffee is 46.1% more expensive.

While the "headline" inflation sits at 26% since the pandemic, the ACTUAL cost of maintaining a household has nearly doubled.

This is a structural liquidation of the middle class.

If you don't own assets that inflate faster than these costs, you are being taxed into poverty by a system that refuses to admit the fire is burning.

The CPI is a bedtime story for the poor while the grocery store is a horror movie for everyone else.
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)