AFAIK since incomes are stagnant, tax revenue is very dependent on capital gains. Governments and central banks can't afford to let the stock and real estate bubbles pop.
Governments need taxes to a) keep the circus going and b) paying interests on the growing debt (a good chunk of it is held by the central bank).
AFAIK since incomes are stagnant, tax revenue is very dependent on capital gains. Governments and central banks can't afford to let the stock and real estate bubbles pop.
Governments need taxes to a) keep the circus going and b) paying interests on the growing debt (a good chunk of it is held by the central bank).
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