Quote:
Originally Posted by Frank DeForrest
Its not if, its when.
Anyone who thinks the federal reserve (or the fed govt) has the ability or any idea how to throttle inflation to an certain level, is a graduate of a govt accredited education center.
And what is inflation, but theft? Unapologetically they come right out and say their target is to steal 2% of your money and "the people" just nod their heads.
We are living in a cartoon land.
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LOL...
But you CAN explain where the inflation comes from... and it's not "too much money chasing too few goods."
Why not?
FEDERAL RESERVE NOTES / aka / Dollar Bills
https://www.federalreserve.gov/releases/h41/current/
Search report for “currency in circulationâ€
Federal Reserve Banks . . . Jun 10, 2021
Currency in circulation . . . 2,180,167 thousands (2.1 trillions)
(Population : 331,449,281 ;
$6,577 per capita)
That is definitely not "too much money chasing too few goods!"
So what factors DO inflate prices (debauch the money tokens)?
Taxation. Taxation of American labor and production. Common sense tells us when you TAX something you increase its price. Worse, is
tax shift inflation that occurs afterward. That's when there is a delay between when taxes are collected and spent, and when the bill shows up in the retail price. (Customers are the REAL taxpayers. Where else do laborers and companies get their money to pay their taxes? The invisible pink unicorn of socialism?)
To illustrate, imagine you're a factory owner who builds a new factory, financed by a 30 year mortgage. In year one, you paid for the construction and all related taxes on the labor and production. 29 years later, your overhead includes the mortgage on your factory, which you pass on to your customers. So they're paying for taxes collected and spent 29 years early.
Multiply this scenario across the nation, and you can see how indeterminate the tax shifting is, which explains why eCONomists pretend it doesn't exist.
Remedy?
Simple - abolish ALL TAXES ON AMERICAN LABOR AND PRODUCTION.
Make America into a TAX HAVEN.
Guess what happens next.
Companies flock back to American shores. Jobs. Jobs. Jobs. Good paying manufacturing jobs.
Prices fall, fall, fall. No need to boost prices to cover taxes -and- their administrative overhead.
NO MORE INCENTIVE TO HIRE UNDOCUMENTED LABOR!
There goes the illegal alien dilemma.
Abolishing taxes also means abolishing socialism - no more freebies to entice having "anchor babies."
Uh oh, never happen.
Governments never, ever give up power and revenue unless they have to.
(Usually only after a number are .... [censored])