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If it's coming from tax dollars, it's increasing the amount some people can spend on consumer electronics and used cars while also decreasing the amount that ot
by mitthrowaway2 3y ago
If it's coming from tax dollars, it's increasing the amount some people can spend on consumer electronics and used cars while also decreasing the amount that other people can spend on houses, vacations, and new cars. So the net impact should be roughly zero, assuming that the taxes don't meaningfully affect supply. However, with pandemic rate cuts, much of it came from newly-created loan money (either borrowed by the government, or by businesses and individuals), meaning cheap loans for cars and houses drove those prices up at the same time that consumer goods were also in high demand.