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Inflation is a market phenomena. Supply and demand. Printing money doesn't necessarily cause inflation if people don't spend it. If its sits in a bank account.
by bubbleRefuge 6y ago
Inflation is a market phenomena. Supply and demand. Printing money doesn't necessarily cause inflation if people don't spend it. If its sits in a bank account. And hyper-inflation needs an accelerator component such as payments tied to CPI or something along those lines which causes a feedback loop. We have never seen demand side inflation in this country (USA) ever.
But you are right about removing income taxes. Federal income taxes and corporate taxes should go away. A simple Federal real estate tax would be the easiest and fairest way to do it.
Remove the brain drain that filing a 1040 is. Put intuit out of business.