Further articles on the same subject
Scott Willoughby / Army / Socsec Dallas
The Covid-19 pandemic will go down in history as that dark year in which the share of corporate profits and Govt. taxes as percentage of GDP increased rather than decreased to help mitigate the misery of the poor. Truly, a Nero taxed as Rome burned.
I had vigorously supported the taxation of diesel/petrol by Arun Jaitley, & later Modi, at the beginning of the pandemic as the sensible thing to do. However, Modi has turned it into a tool to extract wealth from Middle Class to enrich corporates.
The St. Louis Fed President James Bullard expects a rate increase late next year. “The inflationary impulse, I think, is more intense than we were expecting.”