4 ms·
> At what % do we draw the line on taxing the wealthy? 35% 40% 50%? These numbers would be outraging to any other section of the populace. I'd prefer if we did
by tokenizer 13y ago
> At what % do we draw the line on taxing the wealthy? 35% 40% 50%? These numbers would be outraging to any other section of the populace.
I'd prefer if we didn't at all TBH, but something that would pass would most likely only be modest.
> Scare quotes on inflation?
More like skepticism. The FED wants inflation[1]. I may not agree with them but I'm not the central planner with a printing press. I doubt we would see prices go higher, as some people would quit the workforce and live poorly living exclusively through MI. Some would stop working full-time (myself included) and figure out the best way to work less for the same amount of money. And most would simply use the money to combat their debt they've collected over the last 15+ years. It helps everyone, including the markets, due to velocity. I'd love to compete against a company who would dare raise prices. Press Releases condemning them, highlighting my lower prices, etc, etc.
> This is a heavy handed gamble, and one i would be unwilling to risk our fiscal futures on.
Well how about we test it before dismissing it[2]?
[1]: http://www.bloomberg.com/news/2013-11-12/fed-s-lockhart-wants-to-see-higher-inflation-before-qe-tapering.html http://www.bloomberg.com/news/2013-11-12/fed-s-lockhart-want...
[2]: http://en.wikipedia.org/wiki/Mincome http://en.wikipedia.org/wiki/Mincome