Oh! And I have another one for you.
Issue 4% Government Bonds at par. Cause interest rates to go to 23% (Jimmah did that). Now the bonds are way, way, way below par. Buy them back with the currency you have debased.
Result: more massive, massive, hidden, deniable taxation.
Nothing new here - I have seen it and lived under Socialism in other countries.......shall I go on with more examples?
This is why the American people have lost complete faith in their state and federal governments.
To raise taxes across the board on everything during a deep recession/depression is the very height of insanity and incompetence.
This is why the American people have lost complete faith in their state and federal governments.
To raise taxes across the board on everything during a deep recession/depression is the very height of insanity and incompetence.
I agree 100%!;-)