Inflation is a bigger proxy theft. It's a tax that doesn't even have to endure the inconvenience of having the uniparty vote on it. The Fed can simply enact whatever tax they want by printing more money. What's the difference between taking 10% of your paycheck and making your paycheck worth 10% less while pocketing the difference? It's even worse than a tax because they take that money and loan it back to you (the government) at interest.