[nyokodo]

> People will then have even less money after paying the grocery and gas-bills.

Precisely. The less money people have the lower prices have to go for sales to be possible so increased unemployment is a downward force on prices but isn’t all that successful right now when there’s also a massive skilled labor shortage in the vicinity of record expansions of the money supply.

[rightbyte]

Instead of forcing some people into unemployment wouldn't raising taxes a little bit on everyone have the same effect?

[happymellon]

Yes, but the people who raise taxes are not the people who understand economics.