Janet Yellen to print money for racial inequality, "gender disparities", and "climate crisis"

[willrocks]

Janet Yellen says she’ll use the Treasury Department to address racial inequality, "gender disparities," and "the climate crisis".

I can only imagine what new taxes this might involve.

https://twitter.com/tomselliott/status/1333842419457155074

In other, totally unrelated, news "How the coronavirus made it nearly impossible to renounce U.S. citizenship"

Aline, 59, a nursing assistant who lives in Bayonne, France, said she was shocked to received a letter from her bank in February warning that her account would be closed if she could not provide a U.S. Social Security number. She’d had little to do with the United States since leaving California as a baby.

When she tried to arrange an appointment to apply for one at the U.S. Embassy in Paris, she found that the service had been suspended during the novel coronavirus pandemic.

Months later, after receiving another warning from her bank, she decided to renounce her U.S. citizenship. “I never thought of myself as an American,” she said. But neither the embassy nor other U.S. consulates in France would process her request. The service had ground to a halt worldwide.

“It seems to me that the U.S. administration is doing everything to prevent us from renouncing U.S. citizenship,” she said.

https://www.msn.com/en-us/news/worl...ssible-to-renounce-us-citizenship/ar-BB1arqkO

 

[JohnnyBravo300]

They can subsidize any programs now that they want and have unlimited leverage.
When Obama started the bailouts he normalized the governments job in picking winners and losers and deciding who is too big to fail.
Taxpayers dont think about it tho. If they are still in that system it's far from their reality.

 

[heartastack]

I guess if the dollar is toast then inflating it away for good causes absolves these people of guilt. Not the direction I expected. Also proof that there is no grand plan, just ignorance in charge.

 

[mmm....shiney!]

There's a lot more than just climate change, racial inequality and gender disparities in her speech, she also talks about job creation and supporting industry etc.

Values aside (something unavoidable under the State), the key point is that there is absolutely no need to raise taxes or introduce any new taxes to fund these policy initiatives.

 

[willrocks]

Values aside (something unavoidable under the State), the key point is that there is absolutely no need to raise taxes or introduce any new taxes to fund these policy initiatives.

There may be no need. But I expect they will look for ways to tax middle to upper classes more than they already do. They've already hinted at this many times.

 

[mmm....shiney!]

But I expect they will look for ways to tax middle to upper classes more than they already do.

Maybe, not much point to it though. Proposing to raise taxes is just posturing intended to pander to the left.

What's the bet Biden renegs on his promise to repeal the tax cuts and jobs act?

On day one Joe Biden will repeal that tax bill. He’ll get rid of it.

https://grow.acorns.com/kamala-harris-tax-policy-proposals/

So let's say he's got until the close of business on the 22nd January to act (not sure if he has to work on the 21st). Or it will be a fine way for the VP to begin her career - with a lie.

 

[JohnnyBravo300]

Trump wants to do away with income taxes since he can just print it?
I'm voting for Trump!

It could have been that easy.