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Inflation takes years to fully emerge. And income taxes absolutely will have to go up to pay for it. It is not possible to print prosperity the same as it is not possible to tax our way to prosperity.

Interestingly, printing money exacerbates wealth inequality. The people closest to the printer get to enjoy the fresh money before inflation hits the broader economy.



>Inflation takes years to fully emerge

Evidence?

>printing money exacerbates wealth inequality

No, the method of distribution exacerbates inequality

Important distinction.


It is called response lag and is a well studied phenomenon.

https://www.lancaster.ac.uk/staff/ecajt/inflation%20lags%20m...

Yes, distribution matters. Us common folk got a taste, with stimulus checks, of what has been happening for nearly a century at the top.


Thanks, I learned something today.

Wouldn't introducing automatic stabilizers, like stimulus checks cut recognition and decision lag.




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