Chapter 1761 can not increase taxes
What should I do when I find that the banknotes in my hand are counterfeit coins? No one will think of sending them to the bank to destroy them, and they will almost try every means to spend them to reduce their losses.
This is the instinct of human nature.
Now, Cirick is also considering this.
Using a balloon bomb to carry printed dollars, when you arrive over the United States, these dollars will be picked up by people. The dollars falling from the sky will make American citizens ecstatic. In this way, these counterfeit coins will soon be circulated.
Even if the US government realizes that these fallen coins are fake, even if the US government repeatedly asks people to automatically hand them over to nearby police, will people listen?
Most of them don't know how to listen and think about how to spend the money.
In this way, naturally, these counterfeit money will be circulated in the United States. As more and more counterfeit money inflows, it will disrupt the financial order of the United States and the US economy will also be hit.
For Cialek, this suggestion is the best, but for the islanders, it is not.
After a long time, I was in vain?
It is costly for them to print counterfeit coins, and the cost is not low. Of course, they hope to spend this batch of counterfeit coins. Even if it is not exchanged in equivalent amount, at least they have to benefit themselves.
Now, Cialick's proposal, they have no benefits at all. Free free gifts, how can they do such a stupid thing? Apart from the increase in currency in the United States, what other benefits can they have?
No, this is simply a bad idea!
Koga Feng instinctively wanted to object, but when he thought about the current situation, he swallowed these words back into his stomach.
So, only Cialique was left there to continue to express his opinion.
"In this way, within a month, the United States will be filled with a lot of counterfeit currency. If the Americans appeal to the public, they will expose the secret of the balloon bomb and cause more panic. In this way, no matter what the Americans do, they will be wrong. This is a killing of two birds with one stone. Well, I have new ideas. In addition to these US dollars, how about you get some war bonds?"
War bonds? When he heard Cyric's words, Koga Feng was stunned. That thing was going to be forged? What's the use? Did the Americans issue it?
………
Back then, the German economy was on the verge of bankruptcy. Anyone who came to power planned to increase taxes to restore the country, but was driven down by the people. Only Hitler proposed a new plan, which was to increase investment and carry out national infrastructure construction. With this method, Germany's economy actually took off a terrible takeoff and recovered quickly.
Then the question arises. Germany needs funds to restore its economy. How did that fund come about?
Of course, it is up to borrow money. In addition to plundering Jewish wealth in China, more importantly, it is to borrow money from Wall Street. When the deadline for repaying the debt has arrived, the war with the United States happened to start, and the debt was completely deducted.
At the same time, the United States is facing the same terrible problem. War is simply a bottomless pit. In order to win this war, the United States had to increase more investment. In military terms, it spared no effort to develop in all aspects, and even passed the lease bill, selflessly lent its own products.
And now, the United States is about to go bankrupt.
Hearing the words of his most trusted Treasury Secretary, Roosevelt frowned. The Navy wanted to build warships, the Army wanted to build tanks, and the Aircraft were all astronomical. The Atlantic Defense Line project was huge. With the funds from the Atlantic Defense Line, the Manhattan project was even more invested. After the war began, there were also a large amount of pensions. Now, the financial situation in the United States is indeed not good.
"We have to solve this problem," Roosevelt said. "Or what if we can add a little more tax?"
Roosevelt was best at the economy. After all, when Roosevelt came to power, his greatest contribution was to pull the United States out of the economic crisis. At that time, he cut taxes, but now, what he needs is to increase taxes. If he wants to obtain funds, the first thing he thinks about is to increase taxes.
Moreover, because of war, no matter how much tax is, the people will understand that America is already the last free world. If America falls, the whole world will be filled with the terrible 10,000-character flag.
After hearing Roosevelt's words, Marshall, who was standing by, immediately expressed his objection: "No, we have increased the tax twice, so we can't add it any more."
When the war had just begun, when Roosevelt passed Congress and declared war on Germany, Roosevelt drafted and passed the tax increase policy to increase personal income tax, corporate income tax and excess profit tax. After the eastern coastline was bombed by the Germans, Roosevelt decided to increase tax again, and the maximum amount of personal income tax collection reached a terrible 94%!
What does this mean? Only 6% of the income can be retained, and the remaining part will be taken away.
Of course, this tax rate has a threshold, only those with annual income of more than US$200,000 will pay it. The tax rate for the excess is such a terrible number.
Although the taxes were greatly increased, the increased taxes are not enough to maintain terrible expenses. All fiscal surpluses in the past few years were eaten up and the US government is about to go bankrupt.
Marshall was quite clear that continuing to increase taxes would make the people completely disgusted, and they might force the people to Germany to see Europe, countries ruled by Germany, how good the people's lives and how low the tax rate. As long as the Germans start to promote this, the people's psychology will change.
We cannot add it. Since ancient times, hasn’t the demise of any country been caused by the excessive taxation of the people?
Roosevelt nodded, and he also knew that the tax could not be increased. So what else could be done besides increasing the tax? Should we issue more currency? Print more US dollars?
This thought only flashed in Roosevelt's mind, and he couldn't help but smile and shake his head. This method is absolutely not good.
It is terrible to directly issue more money. Although it seems similar on the surface, it is because the government has more money in its hands and the people have less money in its hands. When the government uses this money to buy things and make payments, it will cause terrible inflation.
This is uncontrollable. For example, if you issue more than 10% of the currency, the inflation caused may be 50%.
If everyone knows that the government has printed money, so those who have money quickly take the money to buy things and store them, while those who have goods will hold the things and refuse to sell them. The money in the market is 10% higher, but the total amount of goods is 30%.
This is quite terrible and may even lead to the collapse of the entire monetary system.
What's more, the United States is different from other countries. The power of the United States to issue currencies is not in the hands of the government, but in the Federal Reserve, which can also be said to be monopolized by the super merchants of the United States.
(This system is very strange, and it also shows the essence of this democratic country. Why was President Kennedy assassinated? It is said that he wanted to take back the power to issue currency. Of course, this is a legend, please do not complain.)
Roosevelt knew the terribleness of over-issuing currency. This method seems simple, but in fact it is the most complicated. If you cannot over-issuing currency, and want to collect private funds?
Chapter completed!