This will end with a brutal tax increase
There are 3 ways for the government to spend more1.better economy, growth
2.higher taxes & new taxes ( the new Covid tax)
3.Borrow more
Government Spending is trough the roof, economy is going down so I guess we will have more of 2 & 3
How to escape this fate. Perhaps to own equities & Gold. I think real estate is easy to tax. Everything you have in a bank will be taxed. Perhaps Corporates will escape the fury because they create jobs that is why I say Equities. In the short run we will have a difficult time Governments are going to run out of cash really fast.
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