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Inflation Tax

V

Van

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In order to curtail inflation during the early part of President Reagan's first term, interest rates were raised to high levels. Both mortgage rates (north of 15%) and CD rates (north of 10%) ended the "spend borrowed money now and pay back with inflated dollars later" mind-set fueling inflation.

Today, the poorest among us are being taxed by inflation. Their rents, gas and food costs are shooting up, while the Democrats seek to buy votes from collage grads by loan forgiveness.

The level of corruption that our voters have given us is mind-boggling.
 
Reynolds

Reynolds

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Van said:
In order to curtail inflation during the early part of President Reagan's first term, interest rates were raised to high levels. Both mortgage rates (north of 15%) and CD rates (north of 10%) ended the "spend borrowed money now and pay back with inflated dollars later" mind-set fueling inflation.

Today, the poorest among us are being taxed by inflation. Their rents, gas and food costs are shooting up, while the Democrats seek to buy votes from collage grads by loan forgiveness.

The level of corruption that our voters have given us is mind-boggling.
Click to expand...
The poorest? All but the 1%ers are being taxed by inflation. But Joe don't Tweet mean.
 
V

Van

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Reynolds said:
You said:
"Today, the poorest among us are being taxed by inflation."
Click to expand...
Sure, but it is twaddle to claim that means "today only the poorest among us are being taxed by inflation." Your attempt to find fault where none exists reveals animosity, not truth.


In order to curtail inflation during the early part of President Reagan's first term, interest rates were raised to high levels. Both mortgage rates (north of 15%) and CD rates (north of 10%) ended the "spend borrowed money now and pay back with inflated dollars later" mind-set fueling inflation.

Today, the poorest among us are being taxed by inflation. Their rents, gas and food costs are shooting up, while the Democrats seek to buy votes from collage grads by loan forgiveness.

The level of corruption that our voters have given us is mind-boggling.​
 
V

Van

Well-Known Member
Site Supporter
Why did I focus on the impact of inflation upon the poorest among us? To highlight the Democrat corruption of taxing the poorest while giving money to the wealthy. Only a Democrat Party dupe would object to that truth, in my opinion.
 
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