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Wow, inflation
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Posted 10/12/2021 21:48 (#9265924 - in reply to #9265878)
Subject: RE: Wow, inflation

redoak - 10/12/2021 21:26

jtpfarm - 10/12/2021 20:55

nilbart - 10/12/2021 14:33

it will be a matter of all currencies inflating at an equal or near equal rate, a global inflation. no need to raise interest rates to attract outside investment. Increase taxes on population in various ways, perhaps national sales tax, maybe one reason why feds want to look into bank statements. third world countries may benefit from the global inflation if producers of raw materials.

A national sales tax should be put in place of income tax. It would level the playing field, simplify the system, not punish saving, and people would get to see how much is getting taken from them. Could cut the IRS to a fraction.

We have a sales tax on most stuff other than groceries of 13% , I think it punishes the poorest the most because all there disposal income other than grocery store food gets taxed.....Now on business/farm purchases we get it refunded

Is that a national sales tax? I'm talking that in place of income tax.

How would it punish the poor most? They have less so they spend less and get taxed less. They wouldn't have income taxes taken out of their paycheck either.

The rich would pay the most. Big corporations couldn't loophole themselves out of taxes.
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