>“ The other way to lower inflation is to raise taxes on the rich.”

It’s funny how you and I know a simple slam dunk solution but it’s these people spouting complex spells of finance who get to talk to the press or make the decisions.

I can see the meeting now; “Sure, raising taxes would reduce spending by the wealthy, and raises for the poor would definitely increase spending if we go into a recession— but is their any OTHER way to deal with this that doesn’t hurt the rich or help the poor— think Dammit—THINK!”