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Most people are quite isolated because things like inflation are indirect. Seeing the link between inflation and spending is hard when it's easier for the avera
by Aloisius 1y ago
Most people are quite isolated because things like inflation are indirect. Seeing the link between inflation and spending is hard when it's easier for the average person to just see covid or greed or trade wars or simply fed policy and assign blame there.
The direct link between spending and taxes is far easier for people to understand.
So instead, raise taxes by 20+%. Setup automatic tax adjustments to cover spending changes to ensure the debt shrinks every decade.
- BirAdam 1y agoThe effects of inflation are felt. For example, the deterioration in product quality, packaging, and even product size are attempts of companies to prevent raising product prices. Where people absolutely see it are in those things usually funded by debt: houses, cars, university education. There are myriad reasons for rising product prices and decreasing product quality, but one of those reasons is monetary inflation. As noted, however, these is zero political will to reduce spending, and I therefore believe the USA will suffer a monetary crisis in the mid-2030s. I hope to be incorrect, but I just don't see it happening. Raise taxes? Lose votes. Reduce spending? Lose votes. Edit: Ah wait, rereading you're 100% correct. It's more difficult to see all of the cases I mentioned as being due to monetary inflation. So, while felt, people don't immediately attribute it as such.