da_667I want a 1.5trillion defense budget
Fucking how? We as a country are already financially insolvent. How are you planning to pull 1.5trillion out of your ass?
I love this, so I@da_667 that’s the thing about countries that businesses and individuals can’t (legally) do: create money out of thin air by instructing their treasury to issue more currency.
You can easily reach a $1.5T Defence budget if you run a 10x inflation target for 12 months!
tatiana 
@da_667 @jpm wheelbarrows, my friends, wheelbarrows
https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic
Biggles 20X6!@jpm @tati @da_667 this only happens if you don't take an equivalent amount OUT of the economy, or you're not buying new goods/services.
So they can print 1.5T in new money, if they stripped Elon and friends of the same, and it would have no impact on the price of bread.
Likewise if that 1.5T went to the unemployed for novel work that needs to be done or new build production, then it won't create inflation...
Of course all of this is lost on the orange toddler in a man suit, so I guess we watch the world economy collapse because devaluing the US dollar while it's the reserve currency is gonna be the worst thing he could do since attacking Iran.
neoluddite@Taco_lad @jpm @tati @da_667 You don't necessarily have to, you just have to give it to sectors of the economy that can absorb it.
But if you gave the ACCC some teeth to rein in corporate price gouging, bit of mining royalties, bit of raise the rate on the top tax bracket, a bit of luxury <everything> tax and a bit of inheritance tax, you could get away with quite a bit I think.