People who think a tax boost will cure inflation are the same ones who believe another drink will cure a hangover.
When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.
Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
We now know that inflation results from all that deficit spending.
Supporters of this fundamental change in immigration policy say we need to import more well-educated talent if we're to stay competitive. But exactly whose competitiveness are we talking about? Not the competitiveness of, say, American-born computer engineers. Adjusted for inflation, their earnings haven't gone anywhere in years. That's in part because American companies have been sending so much of their high-tech work abroad. Bringing more foreign-born engineers here under an expanded H1-B visa program, or a point system for that matter, will just depress wages even further.
Ending inflation means freeing all Americans from the terror of runaway living costs. ... We have every right to dream heroic dreams. Those who say that we are in a time when there are no heroes just don't know where to look. ... Above all, we must realize that no arsenal, or no weapon in the arsenals of the world, is so formidable as the will and moral courage of free men and women.
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