Post
Topic
Board Economics
Re: That's why we see higher taxes more burden on working people
by
odolvlobo
on 01/08/2024, 18:51:19 UTC
People don't seem to realize (or they just don't care) that the U.S. government debt is now more than $100,000 per person. It is not feasible for people to pay that amount in taxes, so the debt cannot be repaid. The only way to avoid default is inflation.

This is the future we face -- high taxes and inflation.