Quote:
Originally Posted by Locke
Once again, I'm not a fan of just hiking taxes or using Tax Policy as the cure-all tool.
Its too unwieldy. We already have a cloudy and nebulous tax system where we have a lack of public accountability as to where our taxes are being spent.
Hiking taxes is like handing an addict more drugs. It'll paper over some temporary cracks and keep the engine running but its not solving any fundamental underlying problems.
|
It certainly isn't a cure all but I believe we will reach an allowable limit on interest rates. Taxes can be another pillar that helps take some inflationary pressure out of the market. Now, looking at what kind of government we have elected currently I am not at all confident it wouldn't get re-injected into some kind of asinine rebate but if it was implemented properly it would work.
We are going to run into a problem where we are tanking the housing market where so many people have a large chunk of their total wealth sitting. We will hit a limit here before people have to turn their keys into the bank. Increasing taxes could be a decent solution.