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[–] 25104932? 0 points 1 point (+1|-0) ago 

If not, they should be given the option to check a box on their tax returns and send a check for the difference.

They won't because self righteous leftists want YOU to pay higher taxes so they won't have to.

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[–] 25104851? 0 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....

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[–] 25105517? 0 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.

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[–] 25106527? 1 point 2 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.

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[–] 25105806? 0 points 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?

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[–] 25105721? ago 

well at least you understand some of the moving pieces, the rest of voat has serious economic issues. if we inflate the debt away we are looking at 50k/oz gold, get ready lol.

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[–] 25105259? 2 points 0 points (+2|-2) ago 

WHAT??? This isn't a minimum salary issue. You do understand that, correct?

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[–] 25104944? 1 point 0 points (+1|-1) ago 

The stores that dont increase prices will ultimately win out.. so good luck with that

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[–] 25106484? ago 

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.

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[–] 25104958? 0 points 2 points (+2|-0) ago 

you don't get it.....