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Inflation and tax increases. If you really think that this stimulus will not be used as an inexcuse to raise taxes/levies whatever upon the all of us you've bee
by Guthur 6y ago
Inflation and tax increases. If you really think that this stimulus will not be used as an inexcuse to raise taxes/levies whatever upon the all of us you've been living under a rock. Whether or not countries have been carrying debt or not is irrelevant because that will not be the narrative.
- hestefisk 6y agoMaybe raising taxes will be a good thing. In many countries it has been a race to the bottom for personal income taxes in return for constant budget cuts in healthcare and other services. Maybe if we had maintained higher taxes, we wouldn’t have struggled with ventilator capacity, PPE equipment and other essentials when the shit hit the fan. Hopefully we will learn from this and provide adequate funding to our healthcare services.
- throw0101a 6y agoTop tax rates used to be 70% in US and CA post-WW2, and we had great economic growth; Clinton raised taxes and the doomsayers about economic catastrophe were wrong. I'm with Piketty here and have no problem with more redistribution: * https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce... We're living in another Gilded Age.