Can someone explain to me how spending billions more, raising taxes will help inflation?

It doesn’t

/thread

Well if you keep betting, you’ll eventually win it all back.

Spending more won’t for sure. Raising taxes I could see lowering inflation because you’re taking money out of the general supply so it’s not out there trying to buy goods.

It will help a little. While it's true that much of the 350 billion will be more money, which is often inflationary, however, it is creating new goods. Inflation is too much money chasing to few goods. The climate change part seems to be somewhat neutral on that.

The tax part is obviously anti-inflation. I haven't seen the details, but it's possible I will be hurt very badly by that. It doesn't change the fact that it is anti-inflation. Not very much, though.

BTW, Manson killed 9/10 of the BBB bill. The part he killed was the inflationary part, the lavishing of more free money on Democrat voters.

it scores neutral.

part of it is a flat tax on company's income of 15%.

currently some major oil companies pay nothing on trillions altogether.

compare trumps tax cut which was not neutral.

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It will help a little. While it's true that much of the 350 billion will be more money, which is often inflationary, however, it is creating new goods. Inflation is too much money chasing to few goods. The climate change part seems to be somewhat neutral on that.

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What consumer goods do you see being “created” through this? Wouldn’t this only apply really to consumer goods from an inflation standpoint?

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but I don’t understand how doing more of what got us here will get us out of this mess.

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Neither does our government. But they think we are all stupid, so....

It won't. And it will crush and economy that still hasn't fully baked the 1.5% interest rate hike the last 2 Fed Meetings.

Biden is well on his way to replacing Carter as President Stagflation.

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What consumer goods do you see being “create

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That's a complicated question. The real answer is, why does it have to be consumer goods? The goods I was thinking of are sequestration reservoirs for carbon dioxide and carbon dioxide pipelines. There will be some consumer goods like hydrogen fuel cells, but that doesn't matter when discussing inflation.

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why does it have to be consumer goods?

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You said this:

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Inflation is too much money chasing to few goods.

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These are not "goods" that anyone is really "chasing"...

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The goods I was thinking of are sequestration reservoirs for carbon dioxide and carbon dioxide pipelines.

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Hence, I'm not seeing how it will possibly affect inflation in any way positively. We are creating money to create goods for which we are creating a purely institutional demand. Seems at best negligible on inflation and more than likely just contributory - especially to the extent that we may be shifting production capabilities away from things for which there may be genuine consumer demands.