France's finance minister has promised that upcoming tax hikes required to bring the country's finances back on track will be specifically targeted at high-income groups and will be temporary.
It will also bring down inflation as money received as tax is netted off against money created by the government, destroying that money, resulting in less money chasing things. Its the fiat currency equivalent of burning large stacks of gold IOUs (old time money).
Of course, the rich like to pretend the only way to fight inflation is to pay the richest people in the world eye watering amounts of interest.
It will also bring down inflation as money received as tax is netted off against money created by the government, destroying that money, resulting in less money chasing things. Its the fiat currency equivalent of burning large stacks of gold IOUs (old time money).
Of course, the rich like to pretend the only way to fight inflation is to pay the richest people in the world eye watering amounts of interest.