Print and spend dollars at value ‘A’, right after the money gets in circulation, value decreases to ‘B’, the spread between ‘A’ and ‘B’ acts like a tax on all cash. This results in an increase in tax amounts (not actual value) because of price increases, making revenue numbers go higher, making it easier to pay off old debts
It benefits those who holds the most debt, and is horrible on anyone who is on fixed income. Presumably capital gains will still be taxed, which means that inflation + tax can wipe out any income from gains.
It benefits those who holds the most debt, and is horrible on anyone who is on fixed income. Presumably capital gains will still be taxed, which means that inflation + tax can wipe out any income from gains.