[–] 25104851? 0 points 6 points 6 points (+6|-0) ago
Once the American public go to the store and notice an increase in prices proportional to their income increase, will they realize they've been duped?
Government spending has to be reduced along with tax cuts or it just means the hidden tax of inflation is growing....
The stores get the products on their shelves from somewhere and that doesn't come free. All it takes is one part of the chain to increase their prices and it all goes up from there. If the cost of gas/diesel goes up, then the price of everything on a store shelf or warehouse goes up. If the cost of one component of a thing goes up, then the cost of the whole thing goes up. If the cost of sugar goes up, then the cost of nearly every food item goes up.
[–] 25105517? 0 points 2 points 2 points (+2|-0) ago (edited ago)
You make a good point but it's not entirely correct. With the new printed money the Dollar will get devaluated or inflated. That's your point. But the whole world will pay the price not the US because the Dollar is the main currency. By the way the inflatien comes probably after the election. The OP is correct. People will realize how much taxes they paied and never want to go back. The inflation is an other story. I think the Dollar will get inflated and hyperinflated and replaced by the Gold standard. For US-Citizens it's a good game. This way you will get rid of the debt and the other countries will loose.
[–] 25105806? 0 points 1 point 1 point (+1|-0) ago (edited ago)
Other countries hold treasuries. If we hyper inflate that debt away then all treasury holders lose. It’s not just foreign nations. Pension plans, 401ks and many other financial tools use treasuries as their safe haven. If you break confidence in that, there will be massive losses for ALL treasury holders and US will be unable to borrow going forward. In other words, the credit card immediately gets taken away and we’re forced to pay cash for everything. Military, social security, medicare, unemployment, etc. How will the government fund these programs? Tax or eliminate the program.
How exactly does the US citizen not pay the price?
[–] 25106527? 1 point 2 points 3 points (+3|-1) ago
You've got it backwards friend. The whole world will not pay the price of anything and it's not a "good game" for US citizens. All the FED currency printing and inflation that's coming will make all other countries lose faith in the USD and dump it, causing it to crash like never before. The debt will never be fully paid. The USD's status and privilege as a reserve currency is over and other countries will get out of the dollar. Probably sell their US treasuries to buy gold. In the end they will be better off than with the dollar. You're wrong if you think other countries will lose.
[–] 25106214? 0 points 11 points 11 points (+11|-0) ago
I have always believed that nothing should be deducted from your paycheck. And that Tax Day and Election Day should be the same. You go to the polling place, write a check for the taxes the govt says you owe, and then are given your ballot while you think about how much the politicians are taking away from you for them to spend on their pet projects.
[–] [deleted] 0 points 13 points 13 points (+13|-0) ago
[–] 25106351? 0 points 5 points 5 points (+5|-0) ago
I'm good with that! The plaza I work in has those 3 businesses, along with a temp agency, a restaurant, a tanning place, a gaming place, and a couple other businesses. Would it be a good thing for half those businesses to go under because YOU don't like what they do? Please don't start picking and choosing what people should be allowed to purchase with the money they earn, it was bad enough that our governors were picking and choosing who could even earn money in the first place. Don't be that guy...
[–] 25105813? 0 points 1 point 1 point (+1|-0) ago
Hopefully smart people invest it and not put it straight into the extra cash Time To burn it pile.