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Jeannie Strausburg's avatar

Just read an article that went right along with your comments. Essentially it said that the tax cuts of Regan, Bush and now Trump have caused the financial mess this country is in, stating that if we had the Corporate taxes from those 3 cuts back we would not have the debt that is now carried and America would be in decent shape. AND I just read another article that says Republicans are "secretly" planning another tax cut for the wealthy! One of the points was that America's middle and poor class programs and benefits can never be cut enough to slow the accumulating deficit. America has a tax problem, not a debt problem.

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Donald Hodgins's avatar

I'll give you an example of Robert's greedflation in practice. My son applied for a standard credit card which he felt was necessary for practical and safety reasons. I handed the incoming envelop to him upon it's arrival, he opened it and proudly showed me the shinny piece of plastic that now gave him the power to purchase on demand. This new freedom carried an interest rate of 28% APR. OUCH, and that is an honest way to conduct business, greedflation personified.

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