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Individual income taxes. @DJSCREAM21
The Cola raises is linked to high inflation rate and the high cost of living.
Asked businesses to limit prices and workers to accept fewer pay raises.
Printing money to cover deficits creates inflation. This raises interest rates and prices which usually leads to more government expenditure and larger deficits.
It is a simple reason. Chronic inflation causes price rise across the board, all commodities affected. From the housewife buying vegetables to the jewelers, businessmen and everyone else using fuel. What also happens during chronic inflation situations is the government raises the interest rates. So while prices of all goods have gotten expensive so had the cost of borrowing. A difficult time for everyone. Btw the way, the government raises interest rates to curb the cash flow fueling the high prices. So if the cash flow decreased then prices will fall.
fiscal policy
The federal government i think
Federal Income tax is the largest tax for the government, it raises more money then anything else.
personal income tax
Individual income taxes. @DJSCREAM21
The Cola raises is linked to high inflation rate and the high cost of living.
Greed causes inflation; when someone raises prices, that causes someone else to raise their prices...then the next person raises theirs, then the next, the next...inflation.
because they save ink
Government raises taxes to pay for the war. People retaliate by raising their prices to keep making the same amount of money.
Asked businesses to limit prices and workers to accept fewer pay raises.
Printing money to cover deficits creates inflation. This raises interest rates and prices which usually leads to more government expenditure and larger deficits.
It is a simple reason. Chronic inflation causes price rise across the board, all commodities affected. From the housewife buying vegetables to the jewelers, businessmen and everyone else using fuel. What also happens during chronic inflation situations is the government raises the interest rates. So while prices of all goods have gotten expensive so had the cost of borrowing. A difficult time for everyone. Btw the way, the government raises interest rates to curb the cash flow fueling the high prices. So if the cash flow decreased then prices will fall.