What’s worse than taxes?
Inflation.
The only thing worse than the Government raising taxes so you have less money in your paycheck is bringing your paycheck home and it buys less food and other staples.
And, what is the major cause of inflation?
Wikipedia says:
Economists generally agree that high rates of inflation and hyperinflation are caused by an excessive growth of the money supply.
This is exactly what we are doing right now. Printing billions of dollars to bail out everybody and his brother. Spending billions we don’t have will not help the economy over time. This policy is critically bad and the administration knows it.
So, why are they doing this?
- Is it possible that they know exactly what will happen in a couple years. People won’t be able to afford living, so it will be necessary to expand government programs?
I don’t know. I’m not really big on conspiracy theories, but I can think of no other reason why smart people would do this. They know what the results of their policies will do.