Inflation 7%

[HikerGuy83]

Oh yeah, tons of jobs at poverty wages, we thrives at that in this shitty country. And by the way, these greedy scumbag corporations taking all the profits could easily afford to pay their workers nonp overty wages, and still be comfortable for CEO and shareholders. And manufacture in the US and pay those wage salaries. But all they care about is profit at all costs.

They are beholden to stockholders. They don't get to be nice guys just for the sake of being nice guys.

I would make the case that paying them more would actually be beneficial to the stockholders, but your approach is only focused on them providing money they don't need to provide.

 

[bave]

Oh yeah, tons of jobs at poverty wages, we thrives at that in this shitty country. And by the way, these greedy scumbag corporations taking all the profits could easily afford to pay their workers nonp overty wages, and still be comfortable for CEO and shareholders. And manufacture in the US and pay those wage salaries. But all they care about is profit at all costs.

The US has the highest median household income of any major nation globally while at the same time having the most progressive tax code. Still not enough for you?

Why don't you start your own business and show them how it's done?

 

[Lloyd Christmas]

The US has the highest median household income of any major nation globally while at the same time having the most progressive tax code. Still not enough for you?

Why don't you start your own business and show them how it's done?

OH look, more factless, moronic deflections void of any argument. You people are so predictable , you have no facts.

you are OK with teh insane amount of poverty, homeless, working poor, more than half the country withotu any savings, barely affording a house, people dying because they can't afford healthcare, in teh richest country in the world?

Please, you got nothing, you are on the wrong side of it like every other right wingers. Your response here is incredibly pathetic, and I'm not even going to bother to respond. You are just like every conservatives, void of any facts, argument reasoning, empathy.

 

[bave]

OH look, more factless, moronic deflections void of any argument. You people are so predictable , you have no facts.

you are OK with teh insane amount of poverty, homeless, working poor, more than half the country withotu any savings, barely affording a house, people dying because they can't afford healthcare, in teh richest country in the world?

Please, you got nothing, you are on the wrong side of it like every other right wingers. Your response here is incredibly pathetic, and I'm not even going to bother to respond. You are just like every conservatives, void of any facts, argument reasoning, empathy.

I literally just gave you two facts.

1) Most progressive tax code on the planet.
2) Highest household median income of any major economy on the planet.

Try and keep up. If you are struggling, look inward.

 

[danielpalos]

And the wealthy get wealthier. Just wanted to clarify.

Yes, in this case, helped out by the Poor in a market friendly manner.

 

[rahl]

I literally just gave you two facts.

1) Most progressive tax code on the planet.
2) Highest household median income of any major economy on the planet.

Try and keep up. If you are struggling, look inward.

This has been repeatedly proven false.

 

[georgephillip]

think that is rather simplistic. The issue is one of supply and demand, not alternatives. A great example? Housing and used cars. There isn't some massive network of used car dealerships conspiring to drive up prices, nor do individual homeowners conspire in dark rooms.

Housing is among the asset classes whose values have been systematically inflated by the Fed over the past decade.

Used car prices have spiked at the same time new car production slowed due to a semiconductor shortage caused entirely by the greed of capitalists off-shoring US chip production to low wage countries.

It is beyond simplistic to ignore how lack of competition allows monopoly suppliers to pass on cost increases instead of absorbing those costs:

https://robertreich.substack.com/p/...T60&utm_source=substack&utm_medium=email#play

"While most of the price increases now affecting the US and global economy have been the result of global supply chain problems limiting the availability of parts needed to make consumer goods, this doesn’t explain why big and hugely- profitable corporations are passing these cost increases on to their customers in the form of higher prices.

"If corporations were competing vigorously against each other, they’d swallow these cost increases in order to keep their prices as low as possible — especially when they’re making huge profits. Yet corporations have been raising prices even as they rake in record profits.

"That’s because they face so little competition that they can easily coordinate price increases with the handful of other big companies in their industry. That way, all of them come out ahead — while consumers and workers lose.."

 

[rickc]

The wealthy get wealthier because the white working class votes republican

The white working class votes republican because Republicans hit all their hot button issues during the election cycle. Right wing media pushes all those buttons hard.

Right wing propaganda is very effective

 

[georgephillip]

dumb right wingers, of course, lets blame someone who has no control over inflation, and then worship the greedy scumbags making record profits, CEOs getting huge raises and bonues, while blaming their greed on "inflation".

Also, any supply issues worldwide are far outside of US influence. Also, who are the idiots who keep getting workers sick with covid becuase they are moronic, selfish scumbags that not only won't get vaccinated or wear a mask, they are preventing measures to encourage people to do so

But hey, that doesn't stop right wing Taliban from lying about it

Conservatives have long worshipped the rich. For centuries they killed and died for the Divine Right of Kings and today they serve Capital with the same slave-like subservience:

https://pages.gseis.ucla.edu/faculty/agre/conservatism.html

"Q: What is conservatism?
A: Conservatism is the domination of society by an aristocracy."

 

[bave]

Housing is among the asset classes whose values have been systematically inflated by the Fed over the past decade.

Ok, so take that up with left wing policy makers juicing the market while at the same time restricting supply with land use and energy regulations.

Used car prices have spiked at the same time new car production slowed due to a semiconductor shortage caused entirely by the greed of capitalists off-shoring US chip production to low wage countries.

More accurately, Taiwan and Korea have seen a huge spike in demand for chips while at the same time having production issues ranging from droughts to fires. It takes several years to build new production facilities as well. Are we calling Taiwan and South Korea low wage countries now?

It is beyond simplistic to ignore how lack of competition allows monopoly suppliers to pass on cost increases instead of absorbing those costs:

"While most of the price increases now affecting the US and global economy have been the result of global supply chain problems limiting the availability of parts needed to make consumer goods, this doesn’t explain why big and hugely- profitable corporations are passing these cost increases on to their customers in the form of higher prices.

"If corporations were competing vigorously against each other, they’d swallow these cost increases in order to keep their prices as low as possible — especially when they’re making huge profits. Yet corporations have been raising prices even as they rake in record profits.

"That’s because they face so little competition that they can easily coordinate price increases with the handful of other big companies in their industry. That way, all of them come out ahead — while consumers and workers lose.."

Quoting Reich is a dead giveaway to blind ideological conclusions. The guy is a tool, always has been, always will be.

Why would a business pass on higher prices? Why wouldn't they raise prices when there is the demand for their products? That's what businesses do. Imagine you have two companies who each control 50% of the widget market. They charge $10 per widget in 2019. They realize that in 2021 demand is up for their widgets but their ability to produce more is flat, knowing demand is still higher than their ability to produce, they raise prices. Why wouldn't they? How is that monopolistic or anything else? If you are selling 100% of your production, you raise prices until you start *not* selling 100% of production. That's what price discovery is.

My neighbor owns ~1100 apartments. He raised rent ~20% across the board over the last year. People can complain all they want, he has a waiting list 6 months long for vacancies, he doesn't care if you leave.

 

[bave]

Conservatives have long worshipped the rich. For centuries they killed and died for the Divine Right of Kings and today they serve Capital with the same slave-like subservience:

https://pages.gseis.ucla.edu/faculty/agre/conservatism.html

"Q: What is conservatism?
A: Conservatism is the domination of society by an aristocracy."

Congratulations, you found a *literal* insane person who made up a random definition while working at UCLA.... that's a good unbiased point of view.

 

[georgephillip]

As an aside, all this base money released into a system ultimately finds its way into investor/saver/wealthy hands because, well, behavior. Really hard for me to blame wealthy people for taking profits.

You might want to consider how the Fed releases all the money into the system?

It can be argued the US Economy is among the most centrally planned such institutions on the planet, and all the planning occurs in private banks on Wall Street.

https://www.dollarsandsensela.com/blog/federalreservefacilities

 

[PIPEWRENCH]

Edit, sorry I meant 7%, 12% was a specific area.

White House briefing on this right now, says economy is awesome, we need to spend more, especially by giving people more free money through BBB.

Does anyone think that would increase or decrease inflation? I say increase.

It is good for government because as prices rise so do their tax revenues. It is also great for the rich and powerful who will receive larger profits from goods and service that are more expensive. Even the waitress should receive more money in tips as the price of the meal increases.

Now the solution to the problem is everyone make more money. Government can start by doubling Social Security, welfare, and the minimum wage. That will immediately take most middle class and put them into poverty level. But dependence on government to survive is the agenda of the left. Plus we have all the illegals/immigrants that we can use to do all the work while we kick back ride the government wave.

 

[georgephillip]

Quoting Reich is a dead giveaway to blind ideological conclusions. The guy is a tool, always has been, always will be.

So you should have no trouble refuting his claims, right?

Btw, do you consider yourself to be "unbiased"?

 

[jonny5]

It is good for government because as prices rise so do their tax revenues. It is also great for the rich and powerful who will receive larger profits from goods and service that are more expensive. Even the waitress should receive more money in tips as the price of the meal increases.

Now the solution to the problem is everyone make more money. Government can start by doubling Social Security, welfare, and the minimum wage. That will immediately take most middle class and put them into poverty level. But dependence on government to survive is the agenda of the left. Plus we have all the illegals/immigrants that we can use to do all the work while we kick back ride the government wave.

Its not good because inflation is rising faster than production, wages, revenues, profits, waitresses tips etc. Eventually it might catch up, but the damage is done. Govt doubling welfare would just increase the problem. Higher wages, higher costs equals no gains.

 

[georgephillip]

By solving simple poverty we can create more demand and provide more economic incentive for the private sector to achieve new market based equilibriums and efficiencies.

FDR proved government can provide employment when the private sector finds it unprofitable to do so:

https://www.scientificamerican.com/article/would-a-green-new-deal-add-or-kill-jobs1/

 

[iguanaman]

Inflation actually eased last month.

And the GDP expanded by 5.7% last year and 6.9% in the last quarter. Our economy grew faster that China for the first time in 20 years. Growth rates the one term mistake promised but never delivered. Not mention that the Fed kept interest rates at ZERO at their latest meeting. They have plenty of ammo to lower these inflation rates.

President Joe Biden praised the country's growth.
"The GDP numbers for my first year show that we are finally building an American economy for the 21st Century, with the fastest economic growth in nearly four decades, along with the greatest year of job growth in American history," he said in a statement. "And, for the first time in 20 years, our economy grew faster than China's."

https://www.cnn.com/2022/01/27/economy/us-fourth-quarter-2021-gdp/index.html

 

[georgephillip]

That answers itself. Demand is up, supply is down, that equals high prices. Supply is limited due to pandemic and govt policy enabling people not to have to work. Employment is still below pre pandemic levels, labor force participation is low, we have a global supply chain which is even more locked down than the US, the govt is letting in millions of immigrants who increase demand. And just look around all at the labor shortage.

Corporate profits are up because they are raising prices instead of absorbing the cost increases as they would be forced to do if they faced any significant competition.

https://robertreich.substack.com/p/truth-about-inflation

"Half of the recent rise in grocery prices is from meat products — beef, pork, and poultry. Just four large conglomerates control most meat processing. They’re raising their prices — and coordinating their price increases — even as they’re scoring record profits. Here again, they’re using “inflation” as an excuse.

"You see the same pattern all over the American economy."

 

[bave]

Btw, do you consider yourself to be "unbiased"?

It's good you have pictures, that's about your comprehension level so far.

Corporate profits are up because they are raising prices instead of absorbing the cost increases as they would be forced to do if they faced any significant competition.

As I have told you before, you don't engage in a price war when there is no excess supply capacity. When you have 0% excess capacity you continue to raise prices until market demand softens. Literally econ 101.

"Half of the recent rise in grocery prices is from meat products — beef, pork, and poultry. Just four large conglomerates control most meat processing. They’re raising their prices — and coordinating their price increases — even as they’re scoring record profits. Here again, they’re using “inflation” as an excuse.

"You see the same pattern all over the American economy."

See above. Basic economics. Why aren't you starting a competing business and just undercutting all these easy targets?

 

[bave]

FDR proved government can provide employment when the private sector finds it unprofitable to do so:

You keep saying things like there is a job shortage. You are aware that is precisely the opposite of the case, right?

 

[PIPEWRENCH]

Its not good because inflation is rising faster than production, wages, revenues, profits, waitresses tips etc. Eventually it might catch up, but the damage is done. Govt doubling welfare would just increase the problem. Higher wages, higher costs equals no gains.

It is called kick the can down the road and let someone else pay for it. Blame the next president and congress for your failures. It is a heck of lot easier than actually fixing the problem. Plus when you tell the people it was not free and they will have to pay for it or they can stick their children and grandchildren with the bill we know what the choice will be. Too bad for our children and their children. This is the look what I did now and to hell with the future generation running this country.

 

[jonny5]

Corporate profits are up because they are raising prices instead of absorbing the cost increases as they would be forced to do if they faced any significant competition.

I can tell this is going nowhere.

 

[jonny5]

It is called kick the can down the road and let someone else pay for it. Blame the next president and congress for your failures. It is a heck of lot easier than actually fixing the problem. Plus when you tell the people it was not free and they will have to pay for it or they can stick their children and grandchildren with the bill we know what the choice will be. Too bad for our children and their children. This is the look what I did now and to hell with the future generation running this country.

I ultimately blame people for electing them. The politicians are just doing what the people allow them.

 

[HikerGuy83]

The wealthy get wealthier because the white working class votes republican

The white working class votes republican because Republicans hit all their hot button issues during the election cycle. Right wing media pushes all those buttons hard.

Right wing propaganda is very effective

You might consider that many would more fully consider your position if the social issues didn't come as part of the package.

I am just pointing that out.

A more "left wing" economic policy isn't what bothers a significant number of people (who oppose the left, in general).

But when the "progressive" social objectives of the left sit on the same platform, people are less willing to consider the other stuff.

 

[HikerGuy83]

I can tell this is going nowhere.

Sure it is !

It's going right where almost all threads go.....to the light-beer commercial forum.

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