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Inflation is caused by printing too much money. Taxation does not directly reduce inflation (I suppose you could argue some indirect effect since it means the g

Inflation is caused by printing too much money. Taxation does not directly reduce inflation (I suppose you could argue some indirect effect since it means the government will need to print less but then there are other secondary effects we would need to include, etc)

jmyeet 4y ago
Interest rates hurt everyone. Taxation targets only those who are profiteering. The inflation we have now is opportunistic and self-referencing. "We have to raise prices because prices are rising". In truth it's really "we're raising prices because we can". At least taxation would encourage companies to use those profits to invest in the business, possibly even pay people more (God forbid) and not necessarily profiteer. All instead of just using those huge profits for share buybacks.
- junofan 4y ago
  You believe charging businesses more will lower prices? That doesn’t sound right.
  - jmyeet 4y ago
    It's a tax on profits. That's the point. This is the money they have left over after paying all costs. Interest rates increase the cost of everything. They will cause businesses to fail. I mean just look at SVB. And even if increased taxation changes nothing price-wise, it will fill government coffers and allow the government to help those most impacted. It is literally the best solution for absolutely everyone except for about 500 billionaires.