Why do govts raise interest rates to slow the economy instead of tax rises?

Question

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?

In: 1129

Answer 1

The government should raise taxes. Rich people have better lobbyists than poor people do. These lobbyists and campaign donations from rich people convince politicians that they should not raise taxes.