Recall that in addition to this drop in purchasing power, we are taxed in countless new ways that we never had to worry about decades ago. In my state we pay a tax on toilet paper. We have to pay the state to take a shit.
The solution is obvious. Let’s print more money!
p.s. a good way to spot check the economy is to check the price of gold. My gold is now worth 400% of what it cost years ago. So… it’s not actually worth more than it was… it’s just our dollar has lost that much value.
You can go back as far as you’d like to; if memory serves 1950s was our best time re salaries and purchasing power.
Here’s a 20% drop since 2010 straight from the horse’s mouth.
https://www.bls.gov/cpi/factsheets/purchasing-power-constant-dollars.htm
Not sure about this one I haven’t checked sources on it, this is just a quick search for you because you’re a good kid
https://www.macrotrends.net/4534/cpi-purchasing-power-of-the-dollar
There’s zero debate, we are fucked
Recall that in addition to this drop in purchasing power, we are taxed in countless new ways that we never had to worry about decades ago. In my state we pay a tax on toilet paper. We have to pay the state to take a shit.
The solution is obvious. Let’s print more money!
p.s. a good way to spot check the economy is to check the price of gold. My gold is now worth 400% of what it cost years ago. So… it’s not actually worth more than it was… it’s just our dollar has lost that much value.