Why Work-At-Home Darkens America's Future

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Empty New York City Subway Photo by Kit Suman on Unsplash

Deflationary Spiral

To escape the burden of steeply rising taxes, the affluent will step up their exodus from big cities, creating a deflationary money spiral that will feed on itself. This will worsen when subsidies from the U.S. Government are scaled back. But what would happen, you ask, if Congress enacts a $3 trillion 'infrastructure' package on the heels of the $1 trillion porkpalooza about to be approved? Almost for certain, much if not most of the money will be wasted in ways so infuriating that we cringe to imagine them. Optimists and editorialists should ponder the meager results of the U..S. Government's $20 trillion War on Poverty, lest they grow overly enthused about what a$3 trillion shot-in-the-arm to political cronies might accomplish.

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