I don't see, or have read, an argument that taxes are designed to control inflation. My read is they began as method to raise money for military costs. Wealth, in a sense, is a type of inflation. Most people think of inflation as prices going up for a produce or service. That's true, but the question is does inflation effect the buyer of those services the same as the provider?

If I own millions of acres of farm land does inflation really impact me? My piece was focused on the difference between wealth and cash flow. You're right, there are big tax implications!

In your piece I would refrain from using all bold and writing it as a theorem. Can there be that kind of mathematical proof with such broad concepts as inflation and taxation?

Thanks for commenting!!!