Supply chains, worker wages and the price of energy has been blamed for the current bout of high inflation. But central bankers around the world are starting to clue in to something consumers have been aware of for a while — corporations just aren’t afraid to raise their prices anymore.
They also like to pretend they care about balanced budgets and monetary supply. Guess what? Taxes both balance the budget AND they evaporate money from circulation, reducing actual inflation. They ignore that because taxes are the ONLY lever that is progressive; where we can spread the pain equitably, asking the wealthy individuals and corporations to pay the largest share. That’s a terrible idea /s