Important to point out the effect 15+ yrs of QE/ZIRP&NIRP have had on ASSET PRICES. Upper class towns of Greenwich/Westport/New Canaan/etc LOVE the unearned free money they’ve received from government. Why would they ever vote against it? Of course Himes Disease says these people would be ok with higher taxes. If your home(s), stocks, and bonds are artificially inflated, who cares if taxes go up a few extra basis points.
Important to point out the effect 15+ yrs of QE/ZIRP&NIRP have had on ASSET PRICES. Upper class towns of Greenwich/Westport/New Canaan/etc LOVE the unearned free money they’ve received from government. Why would they ever vote against it? Of course Himes Disease says these people would be ok with higher taxes. If your home(s), stocks, and bonds are artificially inflated, who cares if taxes go up a few extra basis points.