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

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Offline wilber

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Re: Government Day-to-Day
« Reply #2220 on: June 23, 2022, 10:45:18 am »
Then you don’t 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.
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