61% of Americans paid no income taxes in 2020

Re:61% of Americans paid no income taxes in 2020 by Turing_Machine on Thursday August 19, 2021 @10:29PM (#28241775)

Yeah, I understand how it works. But you yourself admit that the government ALWAYS spends more than it takes in, thus ALWAYS trending toward inflation, not deflation.

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Re:61% of Americans paid no income taxes in 2020 by jfengel on Friday August 20, 2021 @08:58AM (#28245451)

Well, conventional monetary theory also calls for small amounts of inflation and avoiding deflation.

But yeah, the US government has invented so much money in the last decade that they're worried about why there isn't more inflation than we've seen.

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