Why Kamala Harris Will Not Bring Prices Down. Her Plan Needs Inflation | dlacalle.com

Comments

• UnderpantsWeevil@lemmy.world ⁨3⁩ ⁨months⁩ ago

  The reality is that the Kamala Harris plan, like all interventionist governments, creates and strives for inflation. Inflation is a hidden tax. Governments love it and perpetuate it by printing money through deficit spending and imposing regulations that harm trade, competition, and technological creative destruction. Big government is big inflation.

  How do you increase National Security Spending, Cut Taxes, and still never miss a payment to all your Social Security voters without creating inflation, Mr. LaCalle?

  The dirty secret about inflation hawkery is that we have a cure. Taxation takes money out of the economy and increases the value of remaining dollars. If you really, truly, honestly, sincerely care about inflation, then your only remedy is to raise taxes. Only one candidate running is serious about raising taxes and taking those excess dollars off the table. Only one candidate is coming anywhere close to a balanced budget in 2025.

  And it ain’t Trump.

  Former President Donald Trump’s economic proposals would increase federal deficits by $5.8 trillion over the next decade, almost five times more than those of Vice President Kamala Harris, which would add $1.2 trillion, according to a new pair of studies from the nonpartisan Penn Wharton Budget Model.

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  • SatansMaggotyCumFart@lemmy.world ⁨3⁩ ⁨months⁩ ago

    Math isn’t welcome in these parts, you have to trust your guts.

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  • Amoxtli@thelemmy.club ⁨3⁩ ⁨months⁩ ago

    Dude, there is no point in defending Kamala. You can tell by the stupid stuff she says she never ran a business in her entire life. Kamala is not fit for command. Felon Trump is better than Kamala. He is a businessman. Kamala has no business in the business of business. Vote Trump if you knew what is best for you. All democrats have is Trump is a felon. The disaster that Joe Biden is, and Kamala’s unoriginal ideas of meddling in people’s lives with unnecessary federal laws, the states can, do, and already did push left wing policies, Kamala is unnecessary. Yeah… I don’t know she ever worked at McDonald’s either. Then she steals some of Trump’s ideas. America does not need Kamala. Vote Trump, because we have no choice.

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    • ImplyingImplications@lemmy.ca ⁨3⁩ ⁨months⁩ ago

      !insanepeoplefacebook@lemmy.world

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    • UnderpantsWeevil@lemmy.world ⁨3⁩ ⁨months⁩ ago

      I can tell by the stupid stuff she says she never ran a business in her entire life.

      Does it count as running a business if you never turn a profit?

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    • wintermute_oregon@lemm.ee ⁨3⁩ ⁨months⁩ ago

      Her dad was a Marxist economist. We know about well that works as we look at the great success of Cuba, Venezuela, the Soviet Union and eastern block

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• ChonkyOwlbear@lemmy.world ⁨3⁩ ⁨months⁩ ago

  Bringing prices down means deflation and that is terrible for the economy. It means the real value of debt increases which does incentives investment. It also risks a deflationary spiral which is a situation where decreases in the price level lead to lower production, which in turn leads to lower wages and demand, which leads to further decreases in the price level.

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