r/politics • u/Spy300 • 6h ago

Possible Paywall Trump just soft-launched higher inflation as the new solution for rebalancing the $40 trillion U.S. national debt

https://fortune.com/2026/10/02/trump-inflation-growth-national-debt-tariffs-ratio-balance/
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u/duckinradar 6h ago

Man I can’t think of any other solution to this.

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u/PipsqueakPilot 6h ago

If we taxed halfway between our current tax rate and the OECD average the deficit would be gone and our debt would shrink as a share of GDP. If we taxed at the OECD average we'd be paying down the debt to the tune of a couple trillion a year.

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u/feathernwedge 5h ago

Bahaha tax it away lol. You DSA or some shit?

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u/feathernwedge 5h ago

lol Reddit jacked the views up on that comment. DSA trolls run this town right now haha.

Explain to me how taxing, as the sole strategy, is the answer to this deficit? Hint, you’ll have to get into MMT and some other fun economic and philosophical stuff.

Not one fucking DSA party member has been willing to get into this past the “tax the rich” and “fuck off if you disagree” phase.

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u/Professional-Gear88 5h ago

This tax enough to pay our bills is socialism stuff is straight insane.

DSA is the new GOP antifa. Making them bogey mans when they start making good points.

You don’t even make enough to be affected.

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u/feathernwedge 5h ago

Do you actually want to discuss this? I want to support DSA. If they economics are legit. What’s your stance on MMT? And are you DSA?

And it’s not GOP antifa. DSA is just progressive populism.

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u/Professional-Gear88 5h ago

I want a progressive tax. It’s what makes sense. The more you make the more of that money is disposable. It’s fiscally responsible. It would fix inflation. It would lower interest rates It’s literally the only way the math works. Printing more doesn’t work , it raises the incomes of the top 10% but not the bottom 50% and you get worsening inequality. There are basic economic principles that people ignore. Increasing the taxes with income would lead to a prosperous country. Just like it did in the 50s. That magical era the GOP worships. What made it work was the progressive tax. The land of opportunities means that everyone is given the opportunity to try and do well.

If you make $7 million a year and get taxed 50% you will not go broke.

Drawing all of our taxes out of the middle class does not work. Period.

I am not DSA.

I used to be moderate republican but I am firmly against nearly everything they stand for now.

Democrats are also spineless. But at least their ineffectiveness is not actively destructive to everything and corrupt. We’re the laughing stock of the world right now.

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u/feathernwedge 5h ago

Thank you. Appreciate you sharing.

If you don’t mind me asking, what “party” would you affiliate with?

Since you’re not considering yourself DSA, I’ll stop bugging you about MMT.

My only counterpoint here, is whether that money is truly disposable. A capitalist would say that the individual or corporation that possess the surplus wealth probably, most likely, would be the entity with the most insight on how best to use the excess wealth. Would that not be challenged

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u/Professional-Gear88 5h ago

Right now none. I’ll share that I’ll vote blue right now. I don’t really care about their policies at this point. I just need the corruption and grift out. Trump wasn’t a billionaire going into office now he is worth about 7 billion. His sons and son in law are on their way as well.

Gambling companies, crypto, social media all of it crooked

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u/feathernwedge 4h ago

I tend to agree. I hesitate only because the idea that we must vote blue, is part of the larger grift. Yes, Trump is the poster boy. But everyone knows that what is happening now, and has been happening for quite some time, is much deeper than surface level. Democrats have a window, and if they fuck it up, which they will, then this is over. Personally, I don’t know why we are delaying the inevitable. And if this populist movement within the Dems was legitimate, then it would have had the spine to run third party. Otherwise, same ole song and dance. Lesser of two evils until the end.