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I’m not sure you can extract $4 trillion over and over, year after year. Maybe once or twice. Maybe.
by DougN7 4y ago
I’m not sure you can extract $4 trillion over and over, year after year. Maybe once or twice. Maybe.
- xracy 4y agoYeah, cause GDP will definitely just stop growing once you've extracted the $4T. Taxes disappear into a hole you can never get them out of once they've been spent. The stimulus money has famously halted the economy in its tracks. The point I'm making is that the problem is there's a lot of stagnant dollars providing no value to us, that you could readily reinvest in something like this. Also, before someone brings up inflation in response, I will point out the reason inflation is rampant, is we're not pulling the money out of the economy at the same rate we're putting it in...