With interest rate rises, the people in the most debt suffer the most. With tax rises, the highest paid suffer the most, and the govt has extra revenue to help the ones struggling the most. This is never considered by any govt. Why not?
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The poor aren’t hurt more unless they’re trying to borrow / live beyond their means. It’s large corps / rich folk taking out new loans for various reasons that are hit by the rates. This slows their efforts due to the higher overall cost of buy-in.
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