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I am not even sure (1) is a practical option. Remember we have increased instability due to the Russo-Ukraine war. Thus, the U.S. Department of Defense is alrea
by eftychis 4y ago
I am not even sure (1) is a practical option. Remember we have increased instability due to the Russo-Ukraine war. Thus, the U.S. Department of Defense is already getting and spending more money all while more money is spent on Ukraine aid -- which ends up in U.S. Defense industry hands. Entitlements not going to change, they should have but we are post pandemic, a lot of things are messy and we are in a midterm election season. And finally taxing the laptop class more might be politically taboo -- see midterm/future election note -- and improbable as a lot of shuffling has been taking place and over taxing might/will scar "unicorns and the VC" system way too much in the long run. Recall, you can't tax capital gains if there are no gains, but huge losses. And the laptop class taxation is based on capital gains I'd say.
Option (3) is already in effect indirectly, due to inflation being world-wide, and Europe being hit much harder due to the conflict.
Like every past pandemic this one is going to hit the economy like a sledgehammer... We failed, once again.