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hunter

(40,805 posts)

4. You fix this by increasing taxes on the people who have most of the money.

Reply to Amishman (Original post)

Tue Jun 15, 2021, 12:37 PM

Jun 2021

The people who own two-thirds of everything.

It's not a difficult problem.

People who are merely surviving day-to-day, never quite knowing how they'll pay for food, medicine, and secure shelter, are not the problem.

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Consumer Price Index hits record YoY increase, 6.6% [View all] Amishman Jun 2021 OP

Economic growth should be priority over inflation right now. roamer65 Jun 2021 #1

normally I would agree, but there is significant risk with the expansion of the money supply Amishman Jun 2021 #2

To be honest, we're due for a recession. WarGamer Jun 2021 #12

Hopefully, serious inflation will not occur. But if it does like 1970s, those on Social Security and Hoyt Jun 2021 #3

You fix this by increasing taxes on the people who have most of the money. hunter Jun 2021 #4

That may be the right thing to do, but that's not how you fix inflation. Calista241 Jun 2021 #7

People who are merely surviving buy only necessities. hunter Jun 2021 #8

That's exactly the fix that is needed. roamer65 Jun 2021 #9

Not so fast! PETRUS Jun 2021 #5

That misses out on one of the other major criticisms of CPI, it doesn't include housing Amishman Jun 2021 #6

Inflation will also start to constrict consumption. roamer65 Jun 2021 #10

Comparing a sudden recovery to a sudden crash, we can't use normal standards. lagomorph777 Jun 2021 #11