Re:Global minimum corporate tax: 130 nations to support U.S....
by native_samples on Friday July 02, 2021 @04:35AM
(#27709145)
But there is inflation, it's just not in consumer price indexes. It seems to have mostly flowed into financial instruments of various kinds.
Also remember that inflation is compound. 4% a year inflation isn't a steady increase.
Looking at monetary policy since 2008, I sometimes wonder if taxes are even necessary.
It's increasingly clear that central banks can print and fund ~20% of their host governments' budget without any risk of lasting inflation. Why not try ratcheting that up?