Nominal vs real value of tax dollars shouldn't be at issue
Posted on: February 15, 2019 at 12:11:43 CT
ummmm MU
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in this discussion. The question is whether the tax cuts have led to more or less money going to DC. And the fact of that matter is that there is more money than ever flowing to DC.
That inflation may affect the value of the record amount of money going to DC is irrelevant. Maybe the govt should factor inflation into its spending habits just like everyone else? If it's becoming harder to make the same payments that the federal govt is making, then maybe it should reassess those payments?
For that matter, the govt and its central bank are responsible for inflation in the first place, so the govt is in no position to steal more money to stave off the effects of inflation.