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JimmyBT

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    We Could EASILY Fix Inflation Without Raising Rates

    in Non Wrestling Topics

    Posted · Edited by JimmyBT

    On 3/14/2024 at 2:18 PM, red viking said:

    That's subjective and may depend upon location, but I'd say it would include the majority of the population. A reasonable estimate would be everybody between the 15 to 20th & 80 to 85th percentiles of income. The majority of us should be paying higher taxes IMO. 

    Ummmmmmmmm the majority of us already pay plenty. IMO.  60% of us already pay ALL the income taxes. 

    We Could EASILY Fix Inflation Without Raising Rates

    in Non Wrestling Topics

    Posted

    On 3/14/2024 at 1:46 PM, red viking said:

    It's very simple. Just raise taxes. Make the middle class pay more and the rich pay MUCH MORE (their fair share). Deficit spending is a huge source of inflation and how this mess started in the first place under Fat Donny. Writing checks to almost everybody. We didn't see the results until the very end of his term but it was inevitable. Biden just continued it and a huge part of this has always been our legislature. 

    None of the Democrats want to talk about cutting spending and none of the Republicans want to talk about raising taxes. So, they compromise by increasing spending AND cutting taxes at the same time. 

    Biden's plan to provide a tax break for mortgage interest will only INCREASE home prices AND INFLATION. 

    If we significantly decreased the deficit through more taxes and/or less spending, we wouldn't have to increase interest rates at all. Nobody seems to be talking about this. It's amazing how dumb the average person is. 

     

    Ummmmmmm your words.  Make the middle class pay more. 

    We Could EASILY Fix Inflation Without Raising Rates

    in Non Wrestling Topics

    Posted · Edited by JimmyBT

    5 hours ago, red viking said:

    It's very basic economics Jimmy. Inflation results when you increase the money supply that is in the hands of consumers significantly more than the production of goods (if that increases at all). Deficit spending results in more money to consumers without having to pay for it. If we cut spending and increased taxes, that would take money out of consumers hands and slow down the economy. 

    https://www.crfb.org/papers/risks-and-threats-deficits-and-debt

     

    Probably cut spending is what you said. You have no logic is  basically what you’ve stated. 

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