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" ... 3. Massive tax hikes inevitable Even before Covid-19, the US Federal Deficit was barreling toward unsustainable levels. Now, government debt is projected to actually exceed gross domestic product in short order. This is a huge deal. This is a massive debt load never before seen, even higher than after World War II. And from here, economic prospects look far drearier than in Post-War American, arguably our country’s finest hour. On top of that, Social Security and Medicare will go upside down shortly thereafter. This will be a massive bust. This crushing debt load can only be addressed one way – by raising taxes on the minority of voters who’ve accumulated wealth….and by “monetizing the debt” – basically letting inflation run rampant and paying the debt off “pennies-on-the-dollar-wise” with shrinking dollars. As this juggernaut rolls down the pike, neither the Trump tax cuts or the proposed Joe Biden tax plan will make much difference. ... "