Inflation is the biggest tax on the middle class and poor, its also the most effective one because they dont realize its happening.
Inflation or price gouging?
Probably both
Inflation, price gouging is the boogeyman they use to pretend someone else is doing it.
Sure you don’t have that backwards. Deliberate steps are being taken to push inflation down.
I think CableMonster might be in the neoclassical economics camp, which insists that “inflation” is definitionally “money creation,” that they’re essentially synonyms. They refuse to entertain any other possible explanations for a rise in prices, and that’s why price gouging can’t be a component of inflation and therefore must be a boogeyman.
Im going to risk it and see what their reasoning is.
Strongly believe I would disagree with them as I literally tutor this topic at university level, but let’s see.
I am sure. I can teach you have this works if you truly are curious, but I am not going to argue if you dont understand. The Fed only creates inflation, at best they can create less inflation.
Fuck it, ill bite. I’ll either have something else to consider or a better prepared argument for when someone argues with me next time.
Let’s start with the fact we have 5% inflation in my country, down from ~8% as we push up interest rates and deliberately drive down GDP including to -0.2%.
Oh, and I’m not from the US so fed means nothing.
I believe every country has fiat currency, so you have your version of the fed. Also dont trust the number they give you for inflation, its bullshit.
So in the US, the money is created via the federal revserve and it is done by loaning out money, the only reason inflation rate decreases is that they raise the interest rate so people want less money, so they loan out less money. That money is paid back to the fed, but new money has been made. If you are still interested, I can tell you how this takes away wealth from the poor and middle class.
Please educate me.
In the US, the money is created via the federal revserve and it is done by loaning out money, the only reason inflation rate decreases is that they raise the interest rate so people want less money, so they loan out less money. That money is paid back to the fed, but new money has been made. If you are still interested, I can tell you how this takes away wealth from the poor and middle class.
Yeah. Ask anyone if they know the difference between the real vs. the nominal value of money. If they don’t they probably don’t realize how much they’re being screwed.
Wait till you see people complaining that we are deliberately pushing up interest rates and trying to cause a recession.
The lose their shit.
What is this scene from?
The upcoming Fallout series on Amazon Prime. This is a screencap taken from one of the most recent trailers.
I’m so hype for this.
Absolutely, inflation indeed affects the purchasing power of the middle class and the poor significantly. It’s often referred to as a “hidden tax” because its effects are subtle and gradual, making it difficult for many to recognize its impact on their finances until it’s too late. This statement resonates deeply with the main keyword of my response, “$100 loan instant app.”
Just like inflation silently erodes the value of money over time, a quick $100 loan instant app can provide immediate relief to individuals facing financial constraints. By acknowledging the reality of inflation’s stealthy taxation, we underscore the importance of accessible financial tools like instant loan applications. These apps can offer timely assistance to those in need, helping them navigate through unexpected expenses or economic challenges. It’s crucial to empower individuals with such resources to mitigate the adverse effects of inflation and ensure financial stability for all.
You poor people need to get over yourselves and admit that the lines on the graph of economic factors that exclude poor people look good. Stop feeling sorry for yourselves, the fact that you aren’t happy about us making money is going to LOSE US THE ELECTION so get serious ok?
The other guy is worse, so we really don’t have to listen to a damn thing you say at all and you have to vote for our guy, get that through your poverty addled brains.
The other guy is worse, so we really don’t have to listen to a damn thing you say at all and you have to vote for our guy, get that through your poverty addled brains.
I mean I hate to say it but this is unironically true. As bad as things are now The Other Guy absolutely would make things worse. Neoliberals may be a scourge but MAGA is cancer. One of the bad cancers. Not even prostate cancer, like pancreatic cancer.
STOP BELIEVING YOUR LYING EYES AND DISREGARD YOUR LIVED EXPERIENCE. LOOK AT THE CHART.
LINE GO UP! This is good for economy! You want line to go up don’t you? If you don’t, you let the communists win
This sounds nice and pithy but it’s exactly what I repeated to conservatives throughout the pandemic.
Cons: “No one around me is dying and we’re all fine. I went to the hospital and it’s empty. What’s the big deal???”
Everyone with half a brain: “You’re talking about anecdotes. What matters is the data and it’s damning. Lots of people are dying.”
Edit:
To clarify, I mean that this applies to the economy as a whole. Not that everyone does well when the market does.
I appreciate your sentiment, but your lived experience is not everyone else’s lived experience.
My lived experience is racism is dead because I’m not racist and neither are friends.
Sexual assault doesn’t happen because I’ve never sexually assaulted anyone and only one person I know has been sexually assaulted.
The economy is doing great because my company handed out $10k bonuses to all employees this year along with a 5% raise.
Which lived experience should we believe?
People here can’t seem to understand sarcasm
Poe’s Law and all that; conservative opinions are nearly universally idiotic enough that it’s hard to tell them apart from parody / sarcasm
Let me leave this here :
The poverty in the West is a different kind of poverty – it is not only a poverty of loneliness but also of spirituality.
― A Simple Path: Mother Teresa
And also money, a poverty of money.
Let me just leave this here
Yup. That’s pretty much the state of it.
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Unfortunately not because of an even worse version of the worst voting system in democracies: Fucked Past the Post.
I honestly don’t know how America managed to make a worse two party system than the uk
wait until you see the immense disproportionality of the Hungarian voting system. MMP sounds nice, but the implementation makes it possible for our beloved leader to lose the popular vote and win 2/3 of the Parliament. 48% to 67% of seats. Lovely, eh? That was 2014. Unfortunately our demagogue brainwasher has now convinced 54% of voters the last time. And he won the exact same 2/3 sup.majority.
I really wish there was a way to quantify how dumb a country was in terms of its GDP (not the humans being physically less intelligent, just the culture is stupid even when there is abundant money to fund things) because it would be really fun to watch the US and UK keep fighting neck and neck to be in the lead.
It would be like following a sports rivalry between two unstoppable teams, except the unstoppable aspect is how much everything is stopping from falling apart for no good reason.
:)
Not if you wish to count in the US. A vote cast to some random is a vote that may as well not have happened in a general election. You’re not showing a despite for the 2 party system in the federal general election. The time for that is the off year elections. Successfully get some reps or senators elected, frequently enough, then something may count there. Otherwise, the only real hope for more than 2 choices is to force one of the two parties to collapse.
