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Tuesday
Mar122024

Inflation: The Universal Tax

DateMarch 12, 2024 at 2:28 AM

The Research Investment Committee at Bank of America Securities posted this salient quote today.  I have to share it.

The universal tax
US federal debt will likely exceed 100% of GDP in July, soon surpassing the WWII peak. Almost 90% of the budget rises automatically. How does it end? Not with drama or default, but with taxes or with the hushed acceptance of that universal tax: inflation.

Source:  The RIC Report, Bank of America Securities

 

 Bureau of Labor Statistics CPI

 

AuthorDavid Neubert | CommentPost a Comment |

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