Author Topic: Government Day-to-Day  (Read 40554 times)

0 Members and 0 Guests are viewing this topic.

Offline wilber

  • Administrator
  • Full Member
  • *****
  • Posts: 8367
Re: Government Day-to-Day
« Reply #2220 on: June 23, 2022, 10:45:18 am »
Then you donít really understand economics and inflationary pressures. 

https://www.nytimes.com/2022/05/10/us/politics/states-tax-cuts-inflation.html

Taxes are component of inflation, particularly consumption taxes. As prices go up, so does the amount of tax being charged on them. By your logic, we should tax our way out of inflation by doubling the GST.
"Never trust a man without a single redeeming vice" WSC