Anyway......to get by in America today, ya gotta make about 50 grand a year after taxes to be "comfortable."
Since I grew up in the 1950's and 60's, this is freaking me out.
Since I grew up in the 1950's and 60's, this is freaking me out.
@kewpie saidA combination of inflation and all the money trickling up to billionaires creating higher prices without higher incomes for the working class
It's called inflation.
@shavixmir saidPlease rephrase, as a state has no money to fund.
That’s why state funded education and health is so important.
@shavixmir saidWhat is 'why'? Don't get you there. You are saying the existence of inflation is why? So then, how is inflation softened, if you will, by having the state fund education and health?. You imply that it would be free, and that the citizens affected by inflation would not have to pay for it?.
That’s why state funded education and health is so important.
@kewpie saidInflation is oversupply of money, it's caused by goobermint helicopter money.
It's called inflation.
@wajoma saidIs that who did that? I can think of nothing more candy-ass than tattle tailing at our age. "I'm going to Aleeeeerrt on you!!!"
Inflation is oversupply of money, it's caused by goobermint helicopter money.
Hope you don't report my post again like a cry baby.
@wajoma saidNo, that's merely one way to cause inflation.
Inflation is oversupply of money
@jj-adams said50 grand a year?
Anyway......to get by in America today, ya gotta make about 50 grand a year after taxes to be "comfortable."
Since I grew up in the 1950's and 60's, this is freaking me out.
@wajoma saidIf everyone’s amount of money was doubled, yes prices would also double, but it wouldn’t matter. So clearly the problem isn’t simply the money supply. It’s about who has the money.
Inflation is oversupply of money, it's caused by goobermint helicopter money.
Hope you don't report my post again like a cry baby.
@athousandyoung saidAgreed, there is a lag for the effect of over-supply to flow out into the economy. The winners are at the source. In the US you can have the 'fed res isn't a goobermint entity' debate, but all over the world the source of the majic money is goobermint.
If everyone’s amount of money was doubled, yes prices would also double, but it wouldn’t matter. So clearly the problem isn’t simply the money supply. It’s about who has the money.
@wajoma saidSince billionaires keep getting richer we can see that they are the ones winning. Unless you think Elon Musk and Jeff Bezos got their money from government printing presses your argument does not hold up.
Agreed, there is a lag for the effect of over-supply to flow out into the economy. The winners are at the source. In the US you can have the 'fed res isn't a goobermint entity' debate, but all over the world the source of the majic money is goobermint.
Next time you clamour for more goobermint, be aware of what you're clamouring for.
@athousandyoung saidThey're near the source. Musk has accepted millions in goobermint grants for the greenie cars. It comes at a cost, there has to be some back-flow, multi million dollar election campaigns in a competition to elect the biggest liars.
Since billionaires keep getting richer we can see that they are the ones winning. Unless you think Elon Musk and Jeff Bezos got their money from government printing presses your argument does not hold up.