Originally Posted by
dba74
When the Fed raises interest rates, that is a good sign for the economy in general; increased taxes on individuals will not occur unless you make more than $400,000 / yr, which the vast majority of Americans do not. Corporate interest rates might go up a little bit (if filibuster is reformed), but this is not a significant problem for the economy, especially considering how much the debt and deficit went up in large part due to the rates being lowered so dramatically, so abruptly.
You copy and paste a quote from Janet Yellen? Or are you just that easy to manipulate? Remember, she was part of a previous administration, which lead the worst economic recovery since World War II.
The REAL Unemployment rate is our biggest issue, we need to, and can, get that back to 2019 unemployment numbers. Taxing the rich more, and raising the minimum wage, will be counterproductive. That tax increase will make it’s way down to the common man, by some type of offset (concessions). Sound familiar?????? We need to focus on GDP growth to pay off this debt, that starts with getting people back to work.