As we all know people did vote twice in a row for trump and if also was for a reason :
Trump had one term, not two.
But there were still tens of millions who
voted twice for him, right? He didn't get elected the second time but he did get the votes of those who thought he was a better option.
The U.S. government DOES NOT need money, and IS NOT increasing taxes because it needs money. The Fed can always BRRRRR print trillions for the government, BUT once all that money does into circulation, INFLATION. What do they do to decrease the money in circulation? HIGH TAXES. - That’s Modern Monetary Theory.
You don't need to decrease the money in circulation to reign back inflation, and taxation won't be the best way to do it, the solution is to simply counter inflation with increased production and consumption, more goods being produced means the price is kept low, more productions means more jobs, more jobs lead to more money in the economy naturally which would render the effect of hose printed trillions less severe than we anticapate.
How will they do that, I don't see any serious plans for it, and time is running out.
But the super-rich never cease purchasing luxury properties and private islands and the government should target these if they are being honest.
And once you tax the hell out of those people will simply buy and register them in a different country and all those workers who were getting paid to produce those goods, the companies producing those, and the investors of those will be hit. Everything is tied together in an economy, you can't take a single measure that will affect only one link and not the others.
I don't know whether people will be less productive when the tax rates are increased. In other countries, tax evasion increases when something like this happen. But since the IRS is very strict in the United States, the chances of tax evasion are very small.
IRS claims they are losing 1$ for every 6$ they collect in tax evasion. Not avoidance, evasion!
