Officials are trying to understand why consumer spending, the job market and overall growth have not responded to the most aggressive interest rates in decades.

  • SCB@lemmy.world
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    1 year ago

    That would of cause target the rich more

    Though we should definitely raise taxes on the top 3 quintiles for a wide variety of reasons, your statement here is specifically why raising taxes to fight inflation doesn’t really work.

    The vast majority of consumer spending is non-discretionary