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Econ 101 vs. Republicans

Econ 101 vs. Republicans | Printing money adds to the money supply, which increases inflation; Printing money adds to the money supply, which increases inflation; Raising taxes reduces the money supply, which reduces inflation; Raising taxes reduces the money supply, which reduces inflation; Raising taxes also increases revenue, which reduces the budget deficit; Raising taxes also increases revenue, which reduces the budget deficit; The Inflation Reduction Act raises taxes on the rich, which will both curb inflation and reduce our deficit! Win-win! Taxation is theft! It’s a communist bill! Let’s Go Brandon! | image tagged in phoebe joey,economics,economy,inflation,inflation reduction act,conservative logic | made w/ Imgflip meme maker
Phoebe Joey memeCaption this Meme
13 Comments
AmericanViking
0 ups, 2y,
1 reply
made w/ Imgflip meme maker
Slobama
1 up, 2y,
1 reply
If we tax billionaires too much | image tagged in if we tax billionaires too much | made w/ Imgflip meme maker
It doesn't, but billionaires gonna billionaire, whine and threaten to pass costs down to workers and consumers.

Does corporate profiteering equal a "tax"? Only if you play really fast and loose with the word "tax."
AmericanViking
0 ups, 2y,
1 reply
made w/ Imgflip meme maker
It does... and anything passed onto rich people will eventually be paid by the lower and middle-income classes... anything else is pure lies... or did you miss the shift in wealth for Covid too??

OOPS
Slobama
1 up, 2y,
1 reply
Well done squire, perhaps you will not sleep in the stable this evening
AmericanViking
0 ups, 2y,
1 reply
Slobama
1 up, 2y,
1 reply
Lazy meme - back to the stable with ye
AmericanViking
0 ups, 2y,
1 reply
BERNIE SANDERS: The “so-called Inflation Reduction Act...will, in fact, have a minimal impact on inflation.”
Slobama
1 up, 2y,
2 replies
"You've got a piece of legislation that is a very, very modest piece, it goes nowhere near as far as it should go on prescription drugs," he told reporters.

Etc. etc.

Yup. He wanted a bigger bill. Hey, so do I!

But end of the day, it's a good bill, it moves the ball forward on a number of key issues. The other issues can wait for another day.
AmericanViking
0 ups, 2y,
1 reply
According to the Congressional Budget Office (CBO), a federal agency that provides budget and economic information to Congress, the bill would barely make a dent on inflation in the near term —and could even nudge it upward.

nope
Slobama
1 up, 2y
"Inflation, inflation, inflation." It's all Republicans talk about these days. Then Democrats roll out a bill that will reduce inflation, and of course, it comes under instant attack.

Of course inflation is an issue. One among many which this bill addresses head-on, along with prescription drugs, fairer taxes, and climate change.

Wouldn't it be great if instead of all that whining, Republicans proposed a piece of legislation of their own targeting inflation and submitted it to the CBO for scoring? Then voters in November could have a real choice!
AmericanViking
0 ups, 2y,
1 reply
It should have been called “Help China Win Act.”
Slobama
1 up, 2y,
1 reply
Oh yeah? Incentivizing investment in key strategic industries like semiconductors and renewable energy that the negligence of previous administrations has allowed China to dominate equals helping China win?

How does that work?

Done throwing spaghetti at the wall yet?
AmericanViking
0 ups, 2y
Yes... you don't like the truth about it... got it...
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Printing money adds to the money supply, which increases inflation; Printing money adds to the money supply, which increases inflation; Raising taxes reduces the money supply, which reduces inflation; Raising taxes reduces the money supply, which reduces inflation; Raising taxes also increases revenue, which reduces the budget deficit; Raising taxes also increases revenue, which reduces the budget deficit; The Inflation Reduction Act raises taxes on the rich, which will both curb inflation and reduce our deficit! Win-win! Taxation is theft! It’s a communist bill! Let’s Go Brandon!