this pandemic have made me do research on things i never tought before economy

[cryptoboss2020]

so yesterday i did some research was reading also some educational things.
i found something interesting:  likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.


The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.




i might be wrong but let me know guys.

[bits4books]

No, this is not the only possible solution. You will be surprised but a tax cut can give the same benefit in monetary terms as a raising. Why? Because the lower the tax the more people want to participate in the economy as an agent and not as a consumer. Local cafes and shops, new businesses, various useful services - their increasing number can give a total increase in the budget more than if you raise taxes for existing agents.
Raising taxes is the only way only if your grandmother praised the Communists, but no more.

[BIT-BENDER]

My country is not in the second wave of lock down, the first lock down had thrust a spear into our economy heart so deep we are trying to recover, another pandemic lock down would be fatal for my country.
I don't know the solution to the economical problem caused by the pandemic, am still learning economy at a personal interest, but a raise tax that should be very unfair at this pandemic time, people are in lockdown and income would be affect by the lockdown a raise in it would no be possible.
I think lock down should not always be the solution for many country, but try pandemic management.

[davis196]

so yesterday i did some research was reading also some educational things.
i found something interesting:  likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.


The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.




i might be wrong but let me know guys.

There will be some inflation for sure,but the US dollar and the euro will never crash into hyperinflation.
A better way for fighting inflation is to increase the interest rates,rather than raising taxes.
More people will start saving money in the banks,when they see a higher interest rate.The banks will keep bigger fractional reserves in the central banks and they will also buy more government bonds,which will help for reducing the quantity of all paper money in circulation.
Raising the taxes after a recession is a economical suicide...

[petyang12]

It is not the same as before. My country is not on lockdown and it is not the only solution that can be used to keep the fiat currency alive. How about those who don't know how to use gadgets then how will they get their payments?.

[Ucy]

I guess they are anticipating a shortage in goods and services due to high demand from customers, or due to Increase in consumer's spending. Well, I'd encourage consumers to save more aggressively and work-harder to produce more goods/services(mainly local/home-made goods and services).

[sunsilk]

so yesterday i did some research was reading also some educational things.
i found something interesting:  likely if we will open all world now then the currency might be hyperinflated.

Hyperinflated? it will only get into that if there will be a lot of batches for the printing made by the US government.

So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

Venezuela is also one known country that's dealing with hyperinflation.

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.




i might be wrong but let me know guys.

That's what Biden has said and proposed to his citizens. We'll see the higher taxes once he's already in the position and I think that will happen immediately after the transition.

[jacafbiz]

It depends on the productivity of the country, the story of Zimbabwe and Venezuela that people like to point as an example of hyperinflation is because of low productivity. Both countries rely on natural resources and when there is a hit or low demand for these resources they country suffer, Venezuela is a good example, use to be a rich country until, oil price start to fall and coupled with sanctions from US. A productive nation will not have this issue unless the Central bank go insane

[cryptoboss2020]

so yesterday i did some research was reading also some educational things.
i found something interesting:  likely if we will open all world now then the currency might be hyperinflated.

Hyperinflated? it will only get into that if there will be a lot of batches for the printing made by the US government.

So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

Venezuela is also one known country that's dealing with hyperinflation.

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.




i might be wrong but let me know guys.

That's what Biden has said and proposed to his citizens. We'll see the higher taxes once he's already in the position and I think that will happen immediately after the transition.

Also I think the taxes Will hit USA very hard
Becouse Every expert is predicting this and there is no other ways

[atjiat]

I am sure that the pandemic and quarantine are the reason that many people during this period received a lot of information that they can use in their later lives. I have acquaintances who have mastered other specialties, and some have begun to study cryptocurrency and trade with might and main. Perhaps you can't say that, but still there is a silver lining.

[sunsilk]

Also I think the taxes Will hit USA very hard
Becouse Every expert is predicting this and there is no other ways

From what I've been reading in the past, it is likely that there will be an increase in taxes on US but it's for some specific industries. IIRC, that's what I've read.

If it's not, the majority of the industries and everyone has to accept the increase. No need for experts on that matter, if the newly elected president has to implement the higher taxes then it will happen.

[dothebeats]

Given that a lot of helicopter money has been spread out over the course of 2020, there is a possibility that an aggressive inflation rate would prevail, though still far from hyperinflation IMO. The numbers aren't enough to pad the rates up, though it will be significant and the economic burden would be great, especially those below the middle income households that would suffer the most on high prices on necessities and other basic stuff. That said, if we are to open all economy, and assuming that COVID-19 is already at a controlled state, the economic aftermath would not be too great, but enough to pressure the governments to act accordingly to control the inflation.

[cryptoboss2020]

Given that a lot of helicopter money has been spread out over the course of 2020, there is a possibility that an aggressive inflation rate would prevail, though still far from hyperinflation IMO. The numbers aren't enough to pad the rates up, though it will be significant and the economic burden would be great, especially those below the middle income households that would suffer the most on high prices on necessities and other basic stuff. That said, if we are to open all economy, and assuming that COVID-19 is already at a controlled state, the economic aftermath would not be too great, but enough to pressure the governments to act accordingly to control the inflation.

European is shut Down More then united states.
I guess its becouse europe has even More problems with inflation and hyperinflation.

For example : italy 

One thing is sure what ever the case might be the rich elite will secure their life first.

And rich elite have 3 golden tools
Economy,  people,  currency.
And yes there is too many problems like too high population.
Also the Venezuela its one of the worse country to be in elite knows all that troubles but Some peaces on the Chess board must be sacraficed in Order to save others.

The World is like buringing house its Buringing you save yourself or you try to save few in the Buringing house and you will die also.

Things have gone too far and there is no point to talk about going back to normal.
Save yourself and your family while you can and notice the fact that many Will die.

[sheenshane]

European is shut Down More then united states.

On the other thread, @stompix said, there's no plan of lockdown in the United States.

There will be no lockdown, even he is slowly abandoning that plan:
https://www.businessinsider.com/biden-national-shutdown-lockdown-says-he-wont-shut-down-2020-11
Reduce capacity in restaurants and pubs? That's no lockdown, that's a loldown.

In an instant, the government would think that the possible solution for the economic recession they have gone through is to raise the tax in order for them to gain back the amount they lose during the economic downturn due to lockdown.  Hyperinflation IMO will not happen just because of the increase in taxes instead it will only veer off the community on their usual spending and may avert into a wiser attitude towards their assets and spending.  Increasing taxes on basic commodities could be painful to the citizens.

I tend to agree with @davis196 posted above, that there is another way to resolve the issue like higher interest rates for it can also generate income for the banks and to the government in the long run.

[shield132]

Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.

If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.

I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?

[cryptoboss2020]

Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.

If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.

I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?

well i think world leaders have enought experince to not repeat the prevous mistakes.

covid is new thing

[usekevin]

so yesterday i did some research was reading also some educational things.
i found something interesting:  likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.


The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.




i might be wrong but let me know guys.

Actually now the economic is open economy.Due to pandemic the economic of most of country was mostly in affected status.If the economy will be opened like before the pandemic, surely the price of fiat will move like a Zimbabwe dollar.So the government will make a pause in such condition to prevent the drop in their currency price.

[cryptoboss2020]

so yesterday i did some research was reading also some educational things.
i found something interesting:  likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.


The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.




i might be wrong but let me know guys.

Actually now the economic is open economy.Due to pandemic the economic of most of country was mostly in affected status.If the economy will be opened like before the pandemic, surely the price of fiat will move like a Zimbabwe dollar.So the government will make a pause in such condition to prevent the drop in their currency price.

correct i think

[gantez]

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

Increasing tax tariffs IMO is no where near a solution. Such increase will bring more financial challenge to the people. The solution is to create job for the people first because many lots their job in the pandemic.

[Silberman]

Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.

If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.

I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?

This whole idea of taxing the rich is always well received by the masses but how are they going to do it? They can easily increase the amount that theoretically rich people will have to pay in taxes, but do you think they are going to sit down doing nothing while politicians pass this law? Of course not, they will use their influence to block such new taxes and even if they cannot do so they can modify the law enough to create holes in it and allow them to use those very same holes in the law to not pay those taxes, effectively making useless any attempt to tax them at an higher rate than what they are paying now.