Topic: this pandemic have made me do research on things i never tought before economy - page 3. (Read 500 times)
November 27, 2020, 06:35:27 PM
That should go to the bottom of the list. You open a country when you want to minimize further damages caused by wars and whatnot, I can see that happening in the case of the pandemic too, but it would be reallyweird to do that when the world is slowly recovering. Nonetheless, heightening the tax is not the only solution should hyperinflation ensue after the planet opens itself. They can also divvy up the taxes and lower them a little bit to cover more people paying for it.
November 27, 2020, 03:32:30 PM
High taxes for high earners have been suggested by almost all democratic socialists in the world but it usually gets shut down very easily as well. When you have companies like amazon, facebook, google, wall street and so forth in USA and you do not charge them any federal tax at all and just let them grow in order to have big companies, that is the problem you will have and eventually they will accumulate all the wealth in the world while the regular people who work there have to ask for handouts from the government.
Amazon has over 10 thousand workers in one warehouse and in that same warehouse 1700 people applied for food stamps from the government, do you think that is a good business for your nation? I feel like paying zero federal tax and paying your workers so little that they have to get food stamps is a prime example of a bad business to have in my nation.
Amazon has over 10 thousand workers in one warehouse and in that same warehouse 1700 people applied for food stamps from the government, do you think that is a good business for your nation? I feel like paying zero federal tax and paying your workers so little that they have to get food stamps is a prime example of a bad business to have in my nation.
The many in USA are against the higher tax yes im sure.
November 27, 2020, 02:04:50 PM
High taxes for high earners have been suggested by almost all democratic socialists in the world but it usually gets shut down very easily as well. When you have companies like amazon, facebook, google, wall street and so forth in USA and you do not charge them any federal tax at all and just let them grow in order to have big companies, that is the problem you will have and eventually they will accumulate all the wealth in the world while the regular people who work there have to ask for handouts from the government.
Amazon has over 10 thousand workers in one warehouse and in that same warehouse 1700 people applied for food stamps from the government, do you think that is a good business for your nation? I feel like paying zero federal tax and paying your workers so little that they have to get food stamps is a prime example of a bad business to have in my nation.
Amazon has over 10 thousand workers in one warehouse and in that same warehouse 1700 people applied for food stamps from the government, do you think that is a good business for your nation? I feel like paying zero federal tax and paying your workers so little that they have to get food stamps is a prime example of a bad business to have in my nation.
November 26, 2020, 06:18:12 PM
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
Don't know what calculations you did, but my gut has been telling me the same thing since about 2008 or so. All this money-printing, economic stimulus checks, quantitative easing, and everything else has to be paid for at some point (I'm talking about the United States here), and I can't see who else would foot the bill except the taxpayers. There's no free money; somebody's got to pay for all of this.If we close the whole world - there will be what?
There will be massive revolt, since people generally don't like being locked up in their own homes by government decree. At least I hope there would be resistance to it, because the world economy can't survive if businesses are closed down, people are unemployed, and individuals get desperate. Nor do I think any country needs to be locked down--the media has been filling our heads with stories about how lethal COVID-19 is, but I'm inclined to think they're exaggerating the danger. Fear sells. The doctors you see on the news are handpicked by the media to portray the grimmest possible picture of the pandemic. Believe me, they don't choose them at random.
I agree with you!!
Everybody expecting the dollar collapse but I belive its not really case here!
They rather put the high taxes on USA people.
With dollar collapse I dont mean dollar disapeare!!
I mean dollar big Fall just.
But im sure there is no question about that the taxes will go higher.
November 26, 2020, 06:06:16 PM
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
Don't know what calculations you did, but my gut has been telling me the same thing since about 2008 or so. All this money-printing, economic stimulus checks, quantitative easing, and everything else has to be paid for at some point (I'm talking about the United States here), and I can't see who else would foot the bill except the taxpayers. There's no free money; somebody's got to pay for all of this.If we close the whole world - there will be what?
There will be massive revolt, since people generally don't like being locked up in their own homes by government decree. At least I hope there would be resistance to it, because the world economy can't survive if businesses are closed down, people are unemployed, and individuals get desperate. Nor do I think any country needs to be locked down--the media has been filling our heads with stories about how lethal COVID-19 is, but I'm inclined to think they're exaggerating the danger. Fear sells. The doctors you see on the news are handpicked by the media to portray the grimmest possible picture of the pandemic. Believe me, they don't choose them at random.
November 26, 2020, 05:35:55 PM
Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.
If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.
I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?
This whole idea of taxing the rich is always well received by the masses but how are they going to do it? They can easily increase the amount that theoretically rich people will have to pay in taxes, but do you think they are going to sit down doing nothing while politicians pass this law? Of course not, they will use their influence to block such new taxes and even if they cannot do so they can modify the law enough to create holes in it and allow them to use those very same holes in the law to not pay those taxes, effectively making useless any attempt to tax them at an higher rate than what they are paying now.If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.
I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?
You are wrong here!!
The top richest elites dont pay fair taxes anyways.
The small enterprise owners will high taxes or even little bigger ones.
Dont forget rich play by different rules.
Okay, you as the small business owner you dont like that? Well but this the government and biden is there by elections.
And what population are now dominant??
The poor the unemployment so they like everything what the biden will do.
November 26, 2020, 04:23:24 PM
Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.
If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.
I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?
This whole idea of taxing the rich is always well received by the masses but how are they going to do it? They can easily increase the amount that theoretically rich people will have to pay in taxes, but do you think they are going to sit down doing nothing while politicians pass this law? Of course not, they will use their influence to block such new taxes and even if they cannot do so they can modify the law enough to create holes in it and allow them to use those very same holes in the law to not pay those taxes, effectively making useless any attempt to tax them at an higher rate than what they are paying now. If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.
I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?
November 26, 2020, 03:10:08 PM
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
Increasing tax tariffs IMO is no where near a solution. Such increase will bring more financial challenge to the people. The solution is to create job for the people first because many lots their job in the pandemic.
November 26, 2020, 02:28:10 PM
so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
Actually now the economic is open economy.Due to pandemic the economic of most of country was mostly in affected status.If the economy will be opened like before the pandemic, surely the price of fiat will move like a Zimbabwe dollar.So the government will make a pause in such condition to prevent the drop in their currency price.
correct i think
November 26, 2020, 02:17:58 PM
so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
Actually now the economic is open economy.Due to pandemic the economic of most of country was mostly in affected status.If the economy will be opened like before the pandemic, surely the price of fiat will move like a Zimbabwe dollar.So the government will make a pause in such condition to prevent the drop in their currency price.
November 26, 2020, 01:57:12 PM
Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.
If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.
I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?
If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.
I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?
well i think world leaders have enought experince to not repeat the prevous mistakes.
covid is new thing
November 26, 2020, 10:21:03 AM
Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.
If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.
I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?
If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.
I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?
November 26, 2020, 09:50:41 AM
European is shut Down More then united states.
On the other thread, @stompix said, there's no plan of lockdown in the United States.There will be no lockdown, even he is slowly abandoning that plan:
https://www.businessinsider.com/biden-national-shutdown-lockdown-says-he-wont-shut-down-2020-11
Reduce capacity in restaurants and pubs? That's no lockdown, that's a loldown.
https://www.businessinsider.com/biden-national-shutdown-lockdown-says-he-wont-shut-down-2020-11
Reduce capacity in restaurants and pubs? That's no lockdown, that's a loldown.
In an instant, the government would think that the possible solution for the economic recession they have gone through is to raise the tax in order for them to gain back the amount they lose during the economic downturn due to lockdown. Hyperinflation IMO will not happen just because of the increase in taxes instead it will only veer off the community on their usual spending and may avert into a wiser attitude towards their assets and spending. Increasing taxes on basic commodities could be painful to the citizens.
I tend to agree with @davis196 posted above, that there is another way to resolve the issue like higher interest rates for it can also generate income for the banks and to the government in the long run.
November 26, 2020, 09:27:48 AM
Given that a lot of helicopter money has been spread out over the course of 2020, there is a possibility that an aggressive inflation rate would prevail, though still far from hyperinflation IMO. The numbers aren't enough to pad the rates up, though it will be significant and the economic burden would be great, especially those below the middle income households that would suffer the most on high prices on necessities and other basic stuff. That said, if we are to open all economy, and assuming that COVID-19 is already at a controlled state, the economic aftermath would not be too great, but enough to pressure the governments to act accordingly to control the inflation.
European is shut Down More then united states.
I guess its becouse europe has even More problems with inflation and hyperinflation.
For example : italy
One thing is sure what ever the case might be the rich elite will secure their life first.
And rich elite have 3 golden tools
Economy, people, currency.
And yes there is too many problems like too high population.
Also the Venezuela its one of the worse country to be in elite knows all that troubles but Some peaces on the Chess board must be sacraficed in Order to save others.
The World is like buringing house its Buringing you save yourself or you try to save few in the Buringing house and you will die also.
Things have gone too far and there is no point to talk about going back to normal.
Save yourself and your family while you can and notice the fact that many Will die.
November 26, 2020, 09:18:25 AM
Given that a lot of helicopter money has been spread out over the course of 2020, there is a possibility that an aggressive inflation rate would prevail, though still far from hyperinflation IMO. The numbers aren't enough to pad the rates up, though it will be significant and the economic burden would be great, especially those below the middle income households that would suffer the most on high prices on necessities and other basic stuff. That said, if we are to open all economy, and assuming that COVID-19 is already at a controlled state, the economic aftermath would not be too great, but enough to pressure the governments to act accordingly to control the inflation.
November 26, 2020, 09:04:28 AM
Also I think the taxes Will hit USA very hard
Becouse Every expert is predicting this and there is no other ways
From what I've been reading in the past, it is likely that there will be an increase in taxes on US but it's for some specific industries. IIRC, that's what I've read.Becouse Every expert is predicting this and there is no other ways
If it's not, the majority of the industries and everyone has to accept the increase. No need for experts on that matter, if the newly elected president has to implement the higher taxes then it will happen.
November 26, 2020, 07:59:19 AM
I am sure that the pandemic and quarantine are the reason that many people during this period received a lot of information that they can use in their later lives. I have acquaintances who have mastered other specialties, and some have begun to study cryptocurrency and trade with might and main. Perhaps you can't say that, but still there is a silver lining.
November 26, 2020, 07:34:23 AM
so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
Hyperinflated? it will only get into that if there will be a lot of batches for the printing made by the US government.i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
Venezuela is also one known country that's dealing with hyperinflation.The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
That's what Biden has said and proposed to his citizens. We'll see the higher taxes once he's already in the position and I think that will happen immediately after the transition.According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
Also I think the taxes Will hit USA very hard
Becouse Every expert is predicting this and there is no other ways
November 26, 2020, 06:29:38 AM
It depends on the productivity of the country, the story of Zimbabwe and Venezuela that people like to point as an example of hyperinflation is because of low productivity. Both countries rely on natural resources and when there is a hit or low demand for these resources they country suffer, Venezuela is a good example, use to be a rich country until, oil price start to fall and coupled with sanctions from US. A productive nation will not have this issue unless the Central bank go insane
November 26, 2020, 05:26:59 AM
so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
Hyperinflated? it will only get into that if there will be a lot of batches for the printing made by the US government.i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
Venezuela is also one known country that's dealing with hyperinflation.The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
That's what Biden has said and proposed to his citizens. We'll see the higher taxes once he's already in the position and I think that will happen immediately after the transition. According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
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