“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” (https://www.brainyquote.com/quotes/vladimir_lenin_125951) The monetary policies passed into law, to address the made in China, cronovirus, does this on both counts. The stimulus put half a year’s worth of newly printed money and liquidity into market place. Statistically in about 22 months we should be seeing double digit inflation. This all the stimulus payments will have to be paid back, and since the government does not produce growth, but only obtains money via taxation, it means out taxes will go up, to include hidden taxes,… Read more »
“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” (https://www.brainyquote.com/quotes/vladimir_lenin_125951) The monetary policies passed into law, to address the made in China, cronovirus, does this on both counts. The stimulus put half a year’s worth of newly printed money and liquidity into market place. Statistically in about 22 months we should be seeing double digit inflation. This all the stimulus payments will have to be paid back, and since the government does not produce growth, but only obtains money via taxation, it means out taxes will go up, to include hidden taxes,… Read more »