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HariSeldon

(543 posts)

5. Federal taxes stifle inflation

Reply to Calista241 (Reply #1)

Tue Nov 9, 2021, 10:46 AM

Nov 2021

Tax (preferably the rich) and the inflation will go away. Federal taxes that are not matched with spending increases eliminate money from the economy and make money more valuable, countering inflationary pressures. If the rich really hate inflation, they'll "put their money where their mouth is" and pay the taxes. And, at least from my view as one of them, the non-rich won't get too bent out of shape over taxes on the rich, even if they don't "fund" spending.

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Producer prices rise 8.6%, matching September record high [View all] mahatmakanejeeves Nov 2021 OP

So what are Biden and the Fed going to do about this? Calista241 Nov 2021 #1

The TV commercials write themselves. mahatmakanejeeves Nov 2021 #4

Don't even need commercials MichMan Nov 2021 #20

Federal taxes stifle inflation HariSeldon Nov 2021 #5

I don't really think the rich care if a gallon of milk costs $5 today. Calista241 Nov 2021 #7

What can Biden do? Elessar Zappa Nov 2021 #11

A better question is what Republicans intend on doing anything if at all about it? tenderfoot Nov 2021 #19

According to some it is only transitory and actually is a good sign for the economy MichMan Nov 2021 #2

And those here that are saying durablend Nov 2021 #3

The idiots downplaying this, or rationalizing it The Mouth Nov 2021 #8

It is a big deal but Elessar Zappa Nov 2021 #12

Look at gas prices and Biden's poll numbers. Every time gas goes up a couple cents doc03 Nov 2021 #6

We need to stop burning carbon. OneCrazyDiamond Nov 2021 #9

We need to elect more Democrats The Mouth Nov 2021 #13

If electing democrats requires cheap legacy energy, OneCrazyDiamond Nov 2021 #14

Good luck with that The Mouth Nov 2021 #15

Got it. OneCrazyDiamond Nov 2021 #16

Well, the climate *should* come first The Mouth Nov 2021 #17

I think it is the way we win. OneCrazyDiamond Nov 2021 #18

I think with inflation what it is now, we lose The Mouth Nov 2021 #21

The recent line I have heard is madville Nov 2021 #10

"The economy's strong rebound from the 2020 coronavirus caught many businesses by surprise." BS rockfordfile Nov 2021 #22