20220729 - Liberty Minute

Inflation reduction spending?
I'm Peter Serefine with today's Liberty Minute.
The Inflation reduction spending package currently being suggested by Congress may be the most idiotic thing I've ever seen Congress try, and that is saying a lot.
Inflation is when money becomes worth less. Money becomes worth less when there is too much money in the market.
A spending bill, ANY spending bill that puts more money in the market, will only make Inflation even worse.
Couple that with raising taxes, and you get a complete collapse of the economy. The proposed 15% minimum corporate tax will be passed along to you and me, the consumers. It is an obvious fact that only consumers pay taxes.
So, government spending makes inflation worse, and higher taxes take even more of what is left.
It honestly looks like our government wants us too poor to survive.
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Until tomorrow, Si vis Pacem, Para Bellum.