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Who Is Being Taxed When More Money Is Printed

lonies could not raise enough tax revenue to fully fund the war effort; to make up the difference, the colonies decided to print more money. Printing money to cover expenditures is sometimes referred to as an inflation tax. Who is being taxed when more money is printed? A- Banks only B- Families of soldiers in active duty C- Anyone who is holding money
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C- When the government prints money, it imposes a tax on anyone who is holding money. This is because printing money decreases the value of money by causing inflation, or an increase in the overall level of prices in the economy. See Section: Principle 9: Prices Rise When the Government Prints Too Much Money.
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