• UnderpantsWeevil@lemmy.world
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    16 days ago

    The reality is that the Kamala Harris plan, like all interventionist governments, creates and strives for inflation. Inflation is a hidden tax. Governments love it and perpetuate it by printing money through deficit spending and imposing regulations that harm trade, competition, and technological creative destruction. Big government is big inflation.

    How do you increase National Security Spending, Cut Taxes, and still never miss a payment to all your Social Security voters without creating inflation, Mr. LaCalle?

    The dirty secret about inflation hawkery is that we have a cure. Taxation takes money out of the economy and increases the value of remaining dollars. If you really, truly, honestly, sincerely care about inflation, then your only remedy is to raise taxes. Only one candidate running is serious about raising taxes and taking those excess dollars off the table. Only one candidate is coming anywhere close to a balanced budget in 2025.

    And it ain’t Trump.

    Former President Donald Trump’s economic proposals would increase federal deficits by $5.8 trillion over the next decade, almost five times more than those of Vice President Kamala Harris, which would add $1.2 trillion, according to a new pair of studies from the nonpartisan Penn Wharton Budget Model.

    • Amoxtli@thelemmy.clubOP
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      15 days ago

      There is no point in defending Kamala. I can tell by the stupid stuff she says she never ran a business in her entire life. Kamala is not fit for command. Felon Trump is better than Kamala. He is a businessman. Kamala has no business in the business of business. Vote Trump if you knew what is best for you. All democrats have is Trump is a felon. The disaster that Joe Biden is, and Kamala’s unoriginal ideas of meddling in people’s lives with unnecessary federal laws, which the states can, do, and already did with left wing policies, Kamala is unnecessary. I don’t think she ever worked at McDonald’s either, like she claimed she did. Then she steals some of Trump’s ideas. America does not need Kamala. Vote Trump, because we have no choice. Taxation reduces economic output. There is monumental evidence that tax cuts work and are often employed to stir up investment. Even blue states, and blue cities, use tax cuts. Democrat economy theory of taxation increasing economic prosperity is voodoo economics. Look at Joe Biden economic policies in trying to engineer the economy with tax credits for his futile micromanaged boondoggles. Even Joe Biden uses tax breaks. You are pissing against hurricane force winds and getting your face wet with your Democrat economic theories that are meant to confuse the low level electorate into voting for them, including the hope they get their union perks, 50 dollar minimum wage, and abortions, whatever they can get. What we need to do is stack the court with libertarians and right-wingers, and make sure democrats don’t interfere with state laws and the culture of those states ever again. Save America, vote Trump. There is nobody else.

  • ChonkyOwlbear@lemmy.world
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    16 days ago

    Bringing prices down means deflation and that is terrible for the economy. It means the real value of debt increases which disincentivises investment. It also risks a deflationary spiral which is a situation where decreases in the price level lead to lower production, which in turn leads to lower wages and demand, which leads to further decreases in the price level.