[cgbg]

the entire European Union would ultimately support an increase in global minimum taxes,

Business will just move their taxable operations somewhere where the "New World Order" is ignored.

Tax attorneys will make a killing.

[Flick Lives]

Asked about rising consumer and durable goods prices, Yellen said the Biden administration was monitoring inflation “very carefully” and took the issue seriously.

“No one wants to return to the bad high inflation days of the 70s,” Yellen told the committee.

—

We’ve already arrived at 70’s era inflation. Only in the 70’s a house cost 40K so 10% inflation would add $4,000 to the cost. Now a very average house is 400k and that same 10% adds $40,000 to the cost.