Comment on Bank of England begins emergency bond purchase programme to restore stabilityComments−yrgulation3yAnd a large portion of voters want an increase in taxes. You cant make this up.−cjrp3yWould higher taxes be destabilising?−yrgulation3yThey’d mean less disposable income and less spending. Lowering taxes even further is the only way forward.−thehappypm3yLess spending would help inflation. More spending makes it worse. Lower taxes is madness right now−yrgulation3yAt some point we’ll just work for no money and instead the government will provide, a bit like in communism. Thats where over taxation leads. Inflation means increased taxation while you also get to keep some of the money to you know live a little.−thehappypm3yThis is a huge stretch. Austerity isn’t being called for.. stimulus is being criticized.−cjrp3yIsn’t that the point of raising the interest rate though? Reduce spending, reduce inflation. Doing both at the same time seems like madness.
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And a large portion of voters want an increase in taxes. You cant make this up.
Would higher taxes be destabilising?
They’d mean less disposable income and less spending. Lowering taxes even further is the only way forward.
Less spending would help inflation. More spending makes it worse. Lower taxes is madness right now
At some point we’ll just work for no money and instead the government will provide, a bit like in communism. Thats where over taxation leads. Inflation means increased taxation while you also get to keep some of the money to you know live a little.
This is a huge stretch. Austerity isn’t being called for.. stimulus is being criticized.
Isn’t that the point of raising the interest rate though? Reduce spending, reduce inflation. Doing both at the same time seems like madness.