The inflation reduction act is the one act that does everything but reduces inflation
I must say immediately that there is a fundamental problem with the methodology congress and senate uses in naming bills. Any ordinary person hearing the phrase ‘inflation reduction act’ will automatically assume it refers to policies aimed at reducing inflation and its burden on the masses not knowing it has little or nothing to do with inflation.
So what is included in this act?
1. Reduction in carbon emissions by 40% by 2030 (said to cost $369 billion)
2. Extension of the Affordable Care Act (cost about $64 billion)
3. Increase in Corporate Minimum Tax to 15% (will give them an additional 313billion), this is said to be used for deficit reduction
4. IRS tax enforcement (strengthening the IRS staff strength and enforcement, costing about $124billion)
5. Capped out-of-pocket payment for medicare patients to $2000 (I don’t fully understand this yet)
If this act was aimed at inflation reduction, it would be made up of policies to reduce the budget deficit by reducing government spending, not by increasing taxation.
The economy is already in a depression and the worst response is to enact policies that further decrease productivity
Seeing that most people do not think Andrew Tate should be taken off social media, I'd like to know exactly where y'all draw the line on free speech. Or there should be no line?
Andrew Tate has been removed from multiple social media platforms for "spreading hate"
this situation is one of those in which the line between free speech and speech that incites violence, hate, and maltreatment of certain groups is blurred what do you think?
The Economics and politics of Race, an international perspective (Thomas Sowell)
World on fire - Amy chua
Human accomplishments, the pursuit of excellence in the arts and sciences 800bc - 1950 by Charles Murray
The bell-curve by Charles Murray and Richard J. Herrnstein
Depending on the time available to be set aside for reading I might also add
Late talking children - Thomas Sowell
The mystery of capital, why capitalism Triumphs in the west and fails everywhere else