i think he is assuming that the fed would print the money to buy all the bonds and then forgive the debt. you are technically corrrect though, if the government paid off the debt by running a surplus it would in effect destroy money supply bc it would be taxing individuals who couldve spent the money in the real economy to pay mostly financial instituitions who were holding the debt as tier 1 capital that does not circulate in the real economy. Although im not sure how that would show up on m2.

@@danharmen5638 I don't think that enough information is given here to make any real claims which is my real issue here. If the government just printed the money to pay all the loans in affect the money supply should stay the same. but a lot of other things would case some real problems.

That's a great idea if you want these companies to start increasing their prices for their products, because that's exactly what they'll do to cover the increased tax.

Because it all has to do with the supply and demand of dollars in the economy and how they're distributed. Covid .....now the dollars were distrubuted evenly throughout the entire country in hands of base consumers. 8 trillion. Hence devaluation of dollar/inflation. Also removed the 10% reserve requirement on banks and it's still 0 in 2024.

@@islandmank that’s the point of a windfall profit tax - they’ve increased their prices due to “inflation” so they are going to pay a tax on that excess profit because they padded their increase and saw record profits from that increase, so they will double-down and increase prices yet again to deal with the windfall tax, you think? Or is the intent with the windfall tax to de-incentivize the rent-seeking behavior in the first place? Corporations are out to make money, first and foremost. They do not have ethics. The governing board and executive leadership of corporations are supposed to make ethical choices, but it seems that the only ethics truly present is profit for shareholders. Maybe hold their feet to the fire, that the tax should be paid by the shareholders if corporate decisions were deemed to be windfall profit. We’ll see how long those boards remain in place.

@@andrewfellingham8388 Corperations and Govt's are not people, they are institutions. We would like them to have ethics and morality, but they usually don't (Lead in the Lunchables anyone?). Any tax imposed, they will find a way to get the consumer to pay for it. More taxes only hurts consumers, it has never benefited them. And any extra tax imposed will get written off with deductions. I agree with you that they should do the right thing, but that's why Jesus had to die on the cross. Humans constantly choose the wrong thing.

The feck? The US had crazy inflation shortly after all of those bailouts. What are you even talking about? Are you even old enough to vote?

Is this a joke? $40,000? The median income in 1980s was about $12,000.

Thats for sure.