Middle Class Being Wiped Out

Ron Paul Warns Middle Class Being "Wiped Out" In Final DebateCongressman calls inflation "most evil tax"

Paul Joseph WatsonPrison PlanetThursday, December 13, 2007

"In the final Republican debate before the 2008 primaries, Congressman Ron Paul slammed the destruction of the dollar, warning that inflation was wiping out the middle class, while also pointing out that Americans did not need to reduce their standard of living so long as a foreign policy of funding a ballooning empire was changed.

In the final Republican debate before the 2008 primaries, Congressman Ron Paul slammed the destruction of the dollar, warning that inflation was wiping out the middle class, while also pointing out that Americans did not need to reduce their standard of living so long as a foreign policy of funding a ballooning empire was changed."

"The most sinister of all tax is the inflation tax and it is the most regressive - it hits the poor and the middle class," said the Congressman.

"When you destroy a currency by creating money out of thin air to pay the bills, the value of the dollar goes down and people get hit with a higher cost of living - it's the middle class that is being wiped out - it is the most evil of all taxes," he added. "

Go Ron!