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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (255440)

10/27/2022 3:59:00 PM

From: koan

Read Replies (1) | Respond to of 358339

Oh, and the big price increase in housing prices is because large corporations are buying them up by the block, locking in low interest rates.

And then renting them out at huge rents.

It has nothing to do with the slight increase in wages.

Big money gets more big money.

The super rich gained 1.6 trillion during the pandemic.

Big money has been taking a larger percent of GDP year after year.

Good grief.

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A huge factor in inflation has been housing, and the Dems constant push for living wages is a big part of the house price spiral. That and the FED being asleep for a nearly 2 decades.

To: koan who wrote (255440)	10/27/2022 4:25:16 PM
From: neolib	Read Replies (1) \| Respond to of 358339

I think a much flatter wage distribution would be very nice in our society. But increasing wages definitely contributes to inflation. Just like handing out government subsidies of any sort does to. So Biden cancelling debt has that effect as well, ironically at the same time the FED is trying to cool down inflation by increasing consumer credit costs.

To: koan who wrote (255440)

10/27/2022 5:16:50 PM

From: Wharf Rat

Read Replies (2) | Respond to of 358339

"Do you realize what you have just said? That a push for living wages is inflationary."

It is, at least in the short to intermediate term.

==

"Fair wages don't cause inflation. Corporate greed and hegemony and Republican borrowing money to have for tax cuts for the rich is what has piled on huge debt that cause inflation!"

Inflation is too much demand chasing too few goods and services. It can be too much demand for borrowed money, but it can also be too much demand for oil or housing or grain. We increased the money supply, but we didn't increase, or we've seen decreases in, the supply of goods globally, and services, and workers here, so rent costs more, oil costs more, produce costs more, employees cost more, and corporation pass costs on to us, plus an additional profit.

Tax cuts for the rich were inflationary, but we're all too small to feel it. We don't buy mega-yachts, 30,000 square foot mansions, corporations, old masterpieces, and sports teams. That kind of inflation doesn't show up in the CPI.