how does higher taxes threat the economy or citizens

Question

I am reading a book by Robert Kioysaki and he explains that during a lifetime, you will face 4 gorillas. One of the gorillas is higher taxes. He breifly says how whenever money is printed, taxes are increased. But he doesn't expand on how it might affect the economy or if not the economy, the citizens

Answer 1

Robert Kiyosaki is a businessman who holds the view that "saving money is for losers." This view is informed by the central bank policy to normalize inflation. A major contributor to inflation is the money printing power of central banks. Inflation eats into the value of the money that is held by people and institutions who save money. Inflation reduces consumers' purchasing power and in essence, acts like a tax.