Manánguri on Nostr: You counter the debasement with taxation. Problem is taxing peasants with no money ...
You counter the debasement with taxation. Problem is taxing peasants with no money doesn't work. You have to tax the wealthy. A 30% tax on Elon is a more effective counter to debasement than a 30% tax on you.
You print the money into circulation. You tax the money back out of circulation.
Promising tax cuts every decade since Reagan is why the US economy is rooted. Each successive government has kicked the can further down the road to get re-elected, hoping the entire thing doesn't collapse on their watch.
Billionaire media owners are never ever going to allow any government to fix the problem because billionaires not paying tax is the problem.
Think about this. The US economy was at its peak at a time when newspapers, radio and TV stations were owned by hundreds of different people.
You print the money into circulation. You tax the money back out of circulation.
Promising tax cuts every decade since Reagan is why the US economy is rooted. Each successive government has kicked the can further down the road to get re-elected, hoping the entire thing doesn't collapse on their watch.
Billionaire media owners are never ever going to allow any government to fix the problem because billionaires not paying tax is the problem.
Think about this. The US economy was at its peak at a time when newspapers, radio and TV stations were owned by hundreds of different people.