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The US is in the enviable position of being able to print money, and it should. Taxes are not about revenue collection, they're about controlling inflation. Pr
by 0xfaded 7y ago
The US is in the enviable position of being able to print money, and it should.
Taxes are not about revenue collection, they're about controlling inflation. Print lots of money, distribute it evenly to everyone, and make a one time levy on all bank deposits to remove the same amount from the economy. You can call it stock buyback buybacks if you like ;)
There may still be some initial inflation, as this action just released a lot of purchasing power to the masses. But people are tightening the purse, and long term things should level out.