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re: Can someone explain to me how spending billions more, raising taxes will help inflation?
Posted on 7/28/22 at 1:12 pm to ibldprplgld
Posted on 7/28/22 at 1:12 pm to ibldprplgld
What are the exact taxes being proposed? I've not seen what they are proposing to tax or who.
1
Posted on 7/28/22 at 1:13 pm to ibldprplgld
quote:
Can someone explain to me how spending billions more, raising taxes will help inflation?
If you pump more money in the economy you will increase inflation. If you make companies pay higher tax rates they will raise their prices which increases inflation. I’m not sure what you don’t understand.
This post was edited on 7/28/22 at 1:14 pm
Posted on 7/28/22 at 1:15 pm to ibldprplgld
Now think about if the $4,000,000,000,000 version of BBB was passed. That would have ended this country. We would have had Turkey level inflation
Posted on 7/28/22 at 1:18 pm to The Maj
quote:
they are intentionally driving this country over the cliff,
is there a code word for that? explain the purpose as its been laid out by bannon or Q or Piven or your militia colonel.
drive off cliff sounds drastic but its only a metaphor.
please explain in real world terms.
and
where did you first get this?
Posted on 7/28/22 at 1:21 pm to ibldprplgld
It is helping. It's helping the politicians get through the recession they created for you and me.
Posted on 7/28/22 at 1:25 pm to The Maj
quote:
The fact that you even believe this...
believe?
it scores how it scores.
did I say I ran the numbers?
I just answered the opening remark.
its a fact its reported to be neutral.
feel free to share the likely errors you observe.
being a professional doubter with laughing man isn't really useful any more than the truly paranoid posters that make up or pass along end of revelations nightmare stories.
This post was edited on 7/28/22 at 1:30 pm
Posted on 7/28/22 at 1:25 pm to ibldprplgld
quote:
I’m not an economist
then any Democrat should be able to explain it
Posted on 7/28/22 at 1:28 pm to CelticDog
was it scored by the congressional budget office? we all know how accurate they have been in the past
Posted on 7/28/22 at 1:44 pm to ibldprplgld
I've never in my life heard of the fed increasing taxes to curb inflation. it is usually increasing interest rates to slow the borrowing of money which mitigates the risk of depression.
Posted on 7/28/22 at 1:54 pm to TigerMyth36
quote:He's already passed that.
Biden is well on his way to replacing Carter as President Stagflation.
He's about to be Mr. HyperRecessFlation.
Posted on 7/28/22 at 1:57 pm to ibldprplgld
You just call it “anti-inflation spending”.
Voila!!!
Voila!!!
Posted on 7/28/22 at 2:00 pm to ibldprplgld
quote:
Someone explain this to me like I’m Joe Biden.
Hi Joe,
Pretend that you have $1.
Pretend that the government has placed $1,000 in circulation.
Your purchasing power is 1/1000th of the economy.
Now pretend that the government places ("spends" "creates stimulus") $500 more dollars in the economy.
Now your purchasing power is 1/1500th of the economy.
You still have $1, but it buys less stuff. The government "stole" your purchasing power by diluting your money.
Posted on 7/28/22 at 2:21 pm to CelticDog
quote:
is there a code word for that?
Lol, never been a Q follower and never will be, but nice try...
If you cannot admit that this administration has and continues to do things that harm this economy and this country in general, then I really do not think there is much help for you...
Not one single policy or initiative that they have proposed or passed has done anything but push us further toward the edge of no return...
Honestly, given your posting history, I don't think there is much hope for you anyway...
Posted on 7/28/22 at 2:23 pm to CelticDog
quote:
it scores how it scores.
Yeah, the fact that you believe any thing that scores this as neutral, really says a lot about you... Tell me historically, have these scores been accurate in your opinion?
Again, if you are honest, you know the answer but I am betting you will not admit it...
Posted on 7/28/22 at 2:26 pm to ibldprplgld
Of course it does - It makes you forget the current inflation because the coming inflation is going to make it irrelevant.
Biden => "I destroyed the inflationary trend of 2022"
Biden => "I destroyed the inflationary trend of 2022"
Posted on 7/28/22 at 2:28 pm to The Maj
quote:
If you cannot admit that this administration has and continues to do things that harm this economy and this country in general, then I really do not think there is much help for you...
No matter what happens these liberal cock sucking pieces of shite will always be in here defending this fricked up administration. Every single time.. joe biden could literally punt a newborn (unaborted, sorry libs) baby across the Oval Office live on facebook while throwin tomatoes in a gumbo and these bitches would be in here defending the shite
I know it, you know it, everyone knows it
They are vile, disgusting humans
This post was edited on 7/28/22 at 2:29 pm
Posted on 7/28/22 at 2:34 pm to Oates Mustache
Congress passing ill conceived bills that can’t be paid for is the PRIMARY reason we’re in the situation we’re in. The smart thing to do would be to do NOTHING for a while and let everything play out. But of course that’s not an acceptable option to a politician
Posted on 7/28/22 at 3:07 pm to Mahootney
Na. White House said a recession is NOT 2 negative quarters in a row.... so we are all fine now.
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