Mmastodon BusinessEconomy first seen 19 h ago, last 18 h ago, peak #7

Tax rises flagged as overlooked answer to inflation

Original: @ NewtonMark @ treleanor Yes, good point & glad you made it 🙏🏻: “The article exposes a massive blind spot: One of the me

Commenters are backing an article arguing that raising taxes is one of the main levers a government has to fight high inflation, and that this option is being ignored in public debate. The discussion notes it must be politically awkward for a government to lean on tax increases after spending significant political capital pushing tax policies in the other direction.

Why now: A debate over inflation policy and tax is resonating because it points to a politically inconvenient remedy governments avoid discussing.

NewtonMarktreleanorSu_G

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Evidence

• @ NewtonMark @ treleanor Yes, good point & glad you made it 🙏🏻: “The article exposes a massive blind spot: One of the mechanisms available to the government to address high inflation is increasing taxes. Which must be awkward after losing so much political skin on promoting… · Su_G@aus.social · 4

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