- Paperback: 222 pages
- Publisher: Monkey with a Pin (8 July 2013)
- Language: English
- ISBN-10: 0957303815
- ISBN-13: 978-0957303812
- Product Dimensions: 15.2 x 1.2 x 22.9 cm
- Average Customer Review: 4.9 out of 5 stars See all reviews (9 customer reviews)
- Amazon Bestsellers Rank: 489,063 in Books (See Top 100 in Books)
Inflation Tax: The Plan to Deal with the Debts Paperback – 8 Jul 2013
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"An invaluable, insightful and readable examination of the hidden government tax none of us can escape." Simon Rose, Save our Savers
Inflation Tax is the first book to present in simple easy to read way why inflation is such a big problem in the UK (even at low levels). It is reducing the standard of living of most people and redistributing wealth from savers to debtors.
The book shows that inflation is not a mere by-product of random economic forces. Instead it is a stealth tax primarily paid by savers and pensioners. Furthermore, it has been used by successive governments since 1945 as a tool to manage the UK’s debts.
The book examines likely future inflation scenarios in the UK and the best ways to save and invest in those environments.
SECTION I - INFLATION
1. Inflation - why you should be worried
2. What is inflation?
3. Theories of inflation
4. Measuring inflation: RPI/CPI
SECTION II - DEBT
5. Government debt and the UK's Financial Dunkirk
6. Labour's post war solution to the debt
7. US inflation reduces UK debts
8. Debt: 1970s onwards
SECTION III - INFLATION TAX
9. The benefits of inflation tax
10. Who pays inflation tax?
11. Disguising inflation tax
12. Problems with inflation tax
SECTION IV - THE IMPLICATIONS
13. How to pay less inflation tax
14. Future debt and inflation scenarios
15. Concluding thoughts
Top Customer Reviews
The central messages are that even lowish inflation erodes wealth rapidly and that the interests of savers / small private investors and the government are, (to put it mildly), imperfectly aligned.
The book is written in an easy, relaxed style and is pitched at a level which does not require prior knowledge of the subject. Trained economists and more sophisticated investors may find the sections on these subjects slightly basic (although they will almost certainly learn much from other sections). However for anyone who is concerned about inflation, or indeed who is inclined to think that 3-4% inflation is of no great concern, or who is too young to remember the 1970s in my view 'Inflation Tax' is essential reading.
If you're in the same boat, read this book. It's short, it's easy to read, it flows well, it doesn't treat the reader as an idiot, and yet it conveys a huge amount of information and pulls together the facets of debt, inflation and government policy in a coherent and satisfying way.
The assertion that inflation is deliberately used as a form of taxation in the UK (and elsewhere) in order to reduce its debt burdens is bold, and you may not necessarily agree with it (though the author supports his view with plenty of evidence), but even if you don't you can still learn a lot from this book.
Those, like me, who believe an understanding of history always helps will particularly enjoy the sections that deal with how present day government policy on debt and inflation came to be. And, as you might expect from an author with a market research background, the use of statistics and charts is excellent.
Unfortunately - there is not too much the individual can do to avoid this hidden taxation. But I think Voters should understand what is being done to their savings/pensions (and why). Maybe they would then consider voting for a different approach if given an informed choice.
Most Recent Customer Reviews
Very interesting book, and useful in the current climate. Some of the political history was particularly interesting, and featured some things i didnt know about. Read morePublished on 1 Dec. 2014 by Mr Colin Flockton
This is a wonderful book. I think the Author makes a small mistake in suggesting inflation is not the result of increasing the money supply. Read morePublished on 1 Oct. 2014 by james ainslie
Cracking book, explains how we have all be had by governments of whatever, colour since 1945. Explains how the very wealthy and governments transfer wealth from the many to the... Read morePublished on 28 Sept. 2013 by Mr. G. Knight
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