The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Tuesday, August 16, 2016

Trumpist says immigrants will destroy the republic

The Real Existential Threats of 2016

Along with Medicare, Social Security, Medicaid, and the defense budget for our bloated and out-dated globalism.

He complains that "we" will probably solve our national debt problem by debauching the currency, though that is in fact not a bug but a feature of Pat Buchanan's candidate's plan.

Why would a right winger want to debauch the currency to deal with debt, rather than, say, collecting taxes to pay it off?

The taxes in question are progressive and take a bigger chunk of the incomes of the rich than of the less rich.

Inflation by contrast is more or less uniform in its adverse impact on savings, more or less bypassing investments, income, and real property assets.

It hits nest eggs and cash stuffed in mattresses of workers and retirees far more than anything of the plutes', in other words.

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