- Who started inflation and why there are taxes in almost everything?
I am asking this because if I were to have a job and I’ve got pay, but some of my income got taken by the government because of tax. Will the money of the job increase because of inflation or is it going to stay the same? I know now that house pricing go up because immigrant and the amount of land but it doesn’t make sense that you wanted to sell your house more than it used to be. But the Capital Gain Tax will takes 50% of the current amount that you added. For example if my house cost 2.4 million dollars and I am selling it for 600,000 thousand dollars more I would only get 2.7 million dollars because the government took half of the current amount of moneys I am adding.
Interesting question. One thing to note though, is that inflation wasn’t started by an individual or an entity. But overall, its a good read.