US Politics |OT|

[xboxgreen]

sundin13 said:

xboxgreen said:

If you remove social programs the government provides you won't see the price of products go up artificially.

For example, if you give me welfare I will have more money to spend on products like food. Therefore driving up the demand artificially and causing inflation.

If welfare spending is offset by increases in taxation, the amount of available cash for spending is equalized, therefore offsetting increases in demand from welfare with decreases in demand from taxation. 

So, just tax the rich. Easy enough.

Also makes it kind of hilarious that Trump cut taxes for the rich when we're still fighting to get out of one of the worst inflationary periods in recent memory. His economic sense is questionable...

Taxing the rich means taxing the middle class. The rich own all the assets and won't give up their life styles or in the case of companies hurt their investors. They will resort to tactics like raising products/services prices, layoffs/outsourcing, wage stagnation, etc.