9. Public choice theory suggests that several characteristics of our current tax structure reflect the desire of political entrepreneurs to conceal the costs of government activities from the voter. The splitting of the payroll tax into an employee-employer share can be explained by the desire of legislators to conceal the full burden of the tax from employees, who bear most of the burden regardless of the formal split. Similarly, the financing of government by means of money creation and borrowing (independent of their other virtues or liabilities) is attractive to legislators because it does not require them to vote for the imposition of a greater tax burden. Public choice theory also implies that vote-maximizing political entrepreneurs find the automatic income tax increases that are generated by inflation very much to their liking.