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Title: Tax Meme
Source:
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URL Source: https://www.whatreallyhappened.com/ ... panamapayyourtaxesunclesam.jpg
Published: Oct 28, 2021
Author: Mike Rivero
Post Date: 2021-10-28 11:13:34 by Horse
Keywords: None
Views: 111
Comments: 2
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#1. To: Horse (#0)
I've come to believe that if no one paid income tax, they'd just keep printing $$$ and things would be just as they are, except we'd have a lot more consumer spending to support the clown-show.
#2. To: Lod (#1)
Velocity kills that. I wrote about that. When people expect inflation, they run out and buy before prices rise. That means Biden can print $10 trillion but prices will rise a total of $20 trillion. MV = PT. M is Money. And V is Velocity or the number of times in a year the total money supply changes hands. When people turn their money over more frequently, the same M can support much higher P Prices. The people can collectively decide that prices are running away so I will buy what I can with my credit card and pay for it on my next payday.Prices could easily double in 2 years without increasing the Money Supply M by more than 20% a year.
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