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This seems to have more to do with population growth projections over the very long run rather than anything that's actually going on in Congress right now. Bo
by nwiswell 3y ago
This seems to have more to do with population growth projections over the very long run rather than anything that's actually going on in Congress right now.
Bottom line, our taxes need to go up modestly in the coming decades... but only if these assumptions actually prove to be true:
> Inflation slows through 2026 to a rate that is consistent with the Federal Reserve’s long-term goal of 2 percent and then remains at rates that are consistent with that goal from 2026 to 2054.
> Interest rates generally rise over the next three decades, largely as a result of projected increases in federal borrowing and in capital income as a share of total income.
... I doubt it! Look what happens to interest rates in graying countries like Japan.