Chapter 1761: No tax increase

What should I do when I find that my banknotes are counterfeit? No one would think of sending it to the bank for destruction, and almost always try to spend it out to reduce their own losses.
This is human instinct.
Now Cyric considers the same.
Using balloon bombs and carrying printed US dollars over the United States, these US dollars will be picked up by people. The falling US dollars will make American citizens ecstatic. In this way, these counterfeit coins will soon be in circulation.
Even if the U.S. government realizes that the money that has fallen is counterfeit, even if the U.S. government makes repeated orders to let people automatically hand it over to nearby police, will people listen?
Most of them don't know how to listen, thinking about how to spend this money.
In this way, naturally, these counterfeit banknotes are in circulation in the United States. As more and more counterfeit money flows in, it will disrupt the financial order of the United States and the US economy will be hit by this.
For Cyric, this suggestion is the best, but for islanders, it is not.
After doing it for a long time, it was all in vain?
They print counterfeit currency, it also has a cost, and the cost is not low. Of course, they hope that this batch of counterfeit currency can be spent, even if it is not exchanged at the same price, at least they have to make their own benefits.
And now, Cyric's proposal, they have no benefit at all, free of charge, how can they do such a stupid thing! In addition to the increase in the domestic currency of the United States, what benefits can one have?
No, this is simply a bad idea!
Koga peak instinctively wanted to object, but thinking about the current situation, he swallowed these words back into his stomach.
As a result, Cyric was the only one left to continue talking about his views.
"In this way, within a month, the United States will be flooded with a large number of counterfeit currency. If Americans appeal to the whole people, they will expose the secret of the balloon bomb and cause more panic. In this way, no matter what the Americans do, it will be wrong. Yes, this is killing two birds with one stone. Well, I have a new idea. Besides these dollar bills, how about you get some war bonds?"
War bonds? Hearing what Cyric said, Gu Hefeng was taken aback for a moment, and that thing would be forged? What is the use? Has the American released it?
………
At that time, the German economy was on the verge of bankruptcy. Anyone who came to power was intending to increase taxes to restore the country. As a result, he was driven off by the people. Only Hitler proposed a new plan, which was to increase investment and carry out national infrastructure construction. In this way, the German economy actually took a terrible take-off, and it quickly recovered.
Then the question is, Germany needs funds to restore its economy. How did those funds come from?
Of course, it depends on borrowing. In addition to searching for domestic Jewish wealth, more importantly, it is borrowing from Wall Street. When the time limit for repaying the debt is reached, it happens to be at war with the United States, and the debt is completely gone.
At the same time, the current United States is also facing the same terrible problem. The war is simply a bottomless pit. In order to win this war, the United States has to increase investment and spare no effort in military development in all aspects. Even after the Lending Act was passed, the Lord unselfishly loaned out his own products.
And now, the United States is about to go bankrupt.
Roosevelt frowned when he heard the words of his most trusted Secretary of the Treasury. The Navy wanted to build warships, the Army wanted to build tanks, and aircraft. They were all astronomical numbers. The Atlantic Defense Line project was huge. With the funds of the Atlantic Defense Line, it was carried out in secret. The Manhattan Project of the United States was even more invested. After the war started, there was a large amount of pensions. Now, the financial situation of the United States is indeed not good.
"We have to solve this problem." Roosevelt said: "Or, do we add more taxes?"
Roosevelt was best at economics. After all, when Roosevelt came to power, his biggest contribution was to pull the United States out of the economic crisis. At that time, he was cutting taxes. Now, what he needs is tax increases. If he wants to get funds, the first thing he thinks of is Increase taxes.
Moreover, because of the war, even if there is more taxation, the people will understand that the United States is already the last free world. If the United States falls, the world will plant the terrible 4D flag.
Hearing Roosevelt's words, Marshall on the side immediately expressed his opposition: "No, we have already raised taxes twice, and can't add more."
When the war had just begun, that is, when Roosevelt passed Congress and declared war on Germany, Roosevelt drafted and passed tax increases, increasing personal income tax, corporate income tax, and excess profit tax. After the eastern coastline was bombed by the Germans, Roosevelt decided to do it again. Increase taxes, of which the maximum personal income tax levy has reached a terrible 94%!
What is this concept? Only 6% of the income can be retained, and the rest will be taken away.
Of course, there is a threshold for this tax rate, and only those with an annual income of more than $200,000 will pay. The tax rate for the excess is such a terrible figure.
Although tax increases are vigorously increased, the increased taxes are not enough to sustain the terrible expenses. The fiscal surpluses of the previous years have all been eaten up~EbookFREE.me~The US government is about to go bankrupt.
Marshall is quite clear that if you continue to increase taxes, the people will be completely disgusted. Maybe they will be forced to go to Germany. Look at Europe, the countries under German rule, how good people's lives are and how low tax rates are. As long as the Germans start such propaganda, the psychology of the people will change.
It can't be added. Since ancient times, the demise of any country has not been caused by the brutal conquest of the people?
Roosevelt nodded. He also knew that the tax could not be increased. What else could be done besides tax increase? Do you want to issue additional currency? Print more dollar bills?
This thought only flickered in Roosevelt's mind, and he couldn't help but shook his head with a wry smile. This method was absolutely impossible.
The direct issuance of currency is terrible. Although it looks similar on the surface, the money in the hands of the government has increased and the money in the hands of the people has decreased. When the government uses the money to buy things and make payments, it will trigger terrible inflation.
This is uncontrollable. For example, if more than 10% of the currency is issued, the inflation caused may be 50%.
If everyone knows that the government has printed money, then those who have money in their hands will quickly take the money to buy things, and those who have goods in their hands will hold them over and not sell them. The money in the market has increased by 10%, but the total amount of goods has decreased by 30%.
This is quite terrifying, and may even bring about 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 currency is not in the hands of the government, but the Federal Reserve, which can be said to be monopolized by American super merchants.
Roosevelt knew the horror of over-issuing currency. This method seems simple, but in fact it is the most complicated. If you can't over-issue currency, what about collecting private funds?
It seems that there is only another way.