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What (who) is inflation tax - definition
ECONOMIC IDEA
Seignorage; Inflation tax; Seniorage; Sienurage; Signorage; Seigneurage; Seinorage; Senioriage; Tax on the inflation tax; Senorage; Large banknotes; Large banknote; Inflationary tax
Monetary inflation
SUSTAINED INCREASE IN A NATION'S MONEY SUPPLY
Inflation (monetary); Monetary Inflation; Inflation risk
Monetary inflation is a sustained increase in the money supply of a country (or currency area). Depending on many factors, especially public expectations, the fundamental state and development of the economy, and the transmission mechanism, it is likely to result in price inflation, which is usually just called "inflation", which is a rise in the general level of prices of goods and services.
Credentialism and educational inflation
ANY OF A NUMBER OF RELATED PROCESSES INVOLVING INCREASED DEMANDS FOR FORMAL EDUCATIONAL QUALIFICATIONS, AND THE DEVALUATION OF THESE QUALIFICATIONS
Credentialism; Academic inflation; Academic Inflation; Credential inflation; Credential creep; Degree inflation; Credentialism and grade inflation; Education inflation; Credentialism and educational inflation
Credentialism and educational inflation are any of a number of related processes involving increased demands for formal educational qualifications, and the devaluation of these qualifications. In Western society, China, and India, there has been increasing reliance on formal qualifications or certification for jobs.
Inflation (cosmology)
THEORY OF RAPID UNIVERSE EXPANSION
Cosmology/Inflation; Monopole problem; Inflationary theory; Inflation theory; Inflationary Theory; Inflationary universe; Inflationary models; Inflationary model; Inflationary expansion; Inflationary universe cosmology; Inflationary cosmology; Cosmic Inflation; Inflationary universe theory; Inflation (physics); Inflationary phase; Space inflation; Inflationary era; Cosmic inflation; Inflation (astrophysics); Cosmological inflation; Inflation model; Magnetic monopole problem; Inflation (Cosmology)
In physical cosmology, cosmic inflation, cosmological inflation, or just inflation, is a theory of exponential expansion of space in the early universe. The inflationary epoch lasted from seconds after the conjectured Big Bang singularity to some time between and seconds after the singularity.
Wikipedia
Seigniorage
Seigniorage , also spelled seignorage or seigneurage (from the Old French seigneuriage, "right of the lord (seigneur) to mint money"), is the difference between the value of money and the cost to produce and distribute it. The term can be applied in two ways:
- Seigniorage derived from specie (metal coins) is a tax added to the total cost of a coin (metal content and production costs) that a customer of the mint had to pay, and which was sent to the sovereign of the political region.
- Seigniorage derived from notes is more indirect; it is the difference between interest earned on securities acquired in exchange for banknotes and the cost of printing and distributing the notes.
"Monetary seigniorage" is where sovereign-issued securities are exchanged for newly printed banknotes by a central bank, allowing the sovereign to "borrow" without needing to repay. Monetary seigniorage is sovereign revenue obtained through routine debt monetization, including expansion of the money supply during GDP growth and meeting yearly inflation targets.
Seigniorage can be a convenient source of revenue for a government. By providing the government with increased purchasing power at the expense of public purchasing power, it imposes what is metaphorically known as an inflation tax on the public.
Examples of use of inflation tax
1. Mr Darling is expected to announce above–inflation tax rises on alcohol to redress the balance.
2. But they will include higher inflation, tax hikes and, apparently, gargantuan bond issues by the U.S. treasury – steps that were anathema just a month ago.
3. In the backdrop of rising prices and high inflation, tax–payers were expecting increase in exemption limit by Rs 30,000 to Rs 50,000.
4. Explainer: The pensions battle Travel boss joins his workers on picket line Burials to halt and schools close in biggest council strike since 70s Capping threat to two councils as above–inflation tax rises revealed Strike hits key services across UK Council tax bills to rise by 4.5% National strike to hit key services Cap imposed on ‘excessive‘ councils Vive la devolution
5. "Third, households are grappling with squeezed personal finances, following last year‘s interest rate rises, high inflation, tax increases and relatively weak wage inflation." But the scale of the dip in prices will be limited due to a housing shortage, the likelihood that interest rates will be cut several times this year and more immigration.