With unemployment low and wages rising, the struggle for basic necessities like food should be easing. But those on the front lines of feeding the hungry say they are seeing the opposite.
The 2/3 of the country can generally be fooled to believe anything.
However, just raising taxes in this case may have some similarity to extinguishing fire with a burnable substance.
You have to raise some taxes (say, on realty ownership, and some other possessions, and in general discourage possession of wealth without circulation) and lower some other taxes (say, anything taxing a transaction, I’m really not familiar with the way taxes work in USA, but in Russia plenty of taxes in hard numbers simply discourage economic activity). The goal should be increasing the actual inflation (not a good or bad thing per se). That’s if you are right about the cause, which I’m in doubt about TBF.
The 2/3 of the country can generally be fooled to believe anything.
However, just raising taxes in this case may have some similarity to extinguishing fire with a burnable substance.
You have to raise some taxes (say, on realty ownership, and some other possessions, and in general discourage possession of wealth without circulation) and lower some other taxes (say, anything taxing a transaction, I’m really not familiar with the way taxes work in USA, but in Russia plenty of taxes in hard numbers simply discourage economic activity). The goal should be increasing the actual inflation (not a good or bad thing per se). That’s if you are right about the cause, which I’m in doubt about TBF.