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Greg Greg
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Comments by "Greg Greg" (@SlowhandGreg) on "Voters are more concerned about stopping inflation than taxing the wealthy: Pollster Frank Luntz" video.
@zachhenry8537 spot on most of the feds printed trillions has spiralled up to the 1% and taxing them properly will bring down inflation
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If you want to stop inflation then you need to tax the wealthy Timline 2017 Trump tax cuts putting 1.5 trillion into corporate America 2019 tax cuts causing fed debt to spiral 2020 pandemic with debt still rising Fed prints trillions to ease the recession 2020-present nearly all those trillions have spiralled up to the 1% causing the inflationary pressure. So until there's meaningful tax reform to pull back some of those trillions to pay off the debt were going have inflation billionaire wealth increased by 55% during covid a good chunk of that is from the feds quantative easing until you pull some of that money out then inflation will keep going year on year and they will use it for example to buy up property which is driving up prices which in turn drives up rents you have to break the chain
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@programking655 Part of the inflation is caused by increased money supply by the Fed to cushion the economy from going into deep recession due to the Trump tax cuts and the pandemic, that increased money supply has spiralled up to the 1% the millionaires and billionaires. Stock prices when you remove sectors hit by the pandemic have doubled property has increased by 50% To tackle the debt you need to tax at the top to curb the out of control asset inflation
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Most of the feds trillions of printed money has spiralled up to the 1% if you tax them it would bring down inflation and reduce the debt
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@tallymay7407 its called a wealth 5wx the IMF recommended it to countries to rebalance their budgets post covid. The days of tax havens are coming to an end
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