Three things will stomp out (most of the) inflation (aside from Fed actions). And doing these would not take over a year to have an effect: 1) cut government spending; 2) cut taxes; 3) extract and refine oil and natural gas (i.e. lend money to producers, which has stopped because of ESG among other reasons). Aside from that, we are getting close to potential food shortages and the government may actually have to subsidize food production to keep prices down in the short term or people will begin to starve. They already are in Africa. But our idiotic FJB government is not smart enough to subsidize the food supply side, so they will subsidize the demand side by sending people more money, which will cause more inflation, while doing nothing to solve the underlying problem of food shortages resulting in an inflation spiral. They are understand cause-and-effect so they know this will happen, but they will do it anyway because their ideology demands it, and they love destroying the middle class while pretending they are doing something to save us..
Cutting taxes equals more freedom but they don't even need to do that. They could cut cap gains taxes and make corp taxes 0%, keeping individual rates static. As long as they cut spending inflation would abate and we would grow.
Indeed, the correct 'corporate' tax rate is 0%. Starting from the premise that all taxation is theft and should be voluntary, if we are to have any taxes at all, they should only be based on individual income. I don't think there should be any tax on assets at all either. But alas, we don't live in that world...
You know what Socialist countries used for light before candles?
Electricity.
That is where they are forcing us.
It's not that difficult to understand, is it? Kind of makes you wonder.
Three things will stomp out (most of the) inflation (aside from Fed actions). And doing these would not take over a year to have an effect: 1) cut government spending; 2) cut taxes; 3) extract and refine oil and natural gas (i.e. lend money to producers, which has stopped because of ESG among other reasons). Aside from that, we are getting close to potential food shortages and the government may actually have to subsidize food production to keep prices down in the short term or people will begin to starve. They already are in Africa. But our idiotic FJB government is not smart enough to subsidize the food supply side, so they will subsidize the demand side by sending people more money, which will cause more inflation, while doing nothing to solve the underlying problem of food shortages resulting in an inflation spiral. They are understand cause-and-effect so they know this will happen, but they will do it anyway because their ideology demands it, and they love destroying the middle class while pretending they are doing something to save us..
Cutting taxes equals more freedom but they don't even need to do that. They could cut cap gains taxes and make corp taxes 0%, keeping individual rates static. As long as they cut spending inflation would abate and we would grow.
Indeed, the correct 'corporate' tax rate is 0%. Starting from the premise that all taxation is theft and should be voluntary, if we are to have any taxes at all, they should only be based on individual income. I don't think there should be any tax on assets at all either. But alas, we don't live in that world...