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> Personally, I think this slow moving inflation disaster is the result of the US government's inability to raise taxes I'd argue the opposite. We print absolu
by __blockcipher__ 4y ago
> Personally, I think this slow moving inflation disaster is the result of the US government's inability to raise taxes
I'd argue the opposite. We print absolutely insane amounts of money, which is an indirect tax via inflation (and a regressive one at that, since the rich own more inflation-resistant asset classes than the poor, who don't really own any assets). Higher taxes and less money printing would make that hidden tax less hidden, which is good, but the core problem is spending/printing too much, not taxing insufficiently.