Annual US worker pay gains rose at fastest pace since 2008

KKK

 

Yes, tax rises produce inflation.

 

Actually, its not all that cut and dried but trump has been raising taxes on the working class and wowsa, really slashing taxes for his 1% cronies. Especially vile is that, in many cases, the working class will be paying taxes on the same thing over and over.

In any event, the working class has no more cash than before Putin's Puppy moved into Mar A Lago North. Yeah, yeah, yeah, the liar in chief keeps telling the trumpkins they're rich now, they really aren't.

Take now, BTW - take note that while he, Ivanka, Melania and other family members have all their **** manufactured in or the countries, they are all exempt from any tax because of that. The jerk created hundreds of thousands of jobs but in the US, he still hires illegals and foreigners.

 

Do brittons not have the notion of local and federal governments? But even if the monies did go to local governments it stills takes money out of the hands of the consumer. Republicans USED to say this was less than ideal.

 

TRUTH.

 

I am right wing. I consider this to be less than ideal.

Not however as less than ideal as that money going to China or Germany.
So it is way more ideal than that. Way more local than that.

I personally don't need tariffs. I buy British.
If US people exercised their responsibility in the same way there would be no tariffs and no trade deficit.
You don't have to pay tariffs. You have the option of changing your shopping habits instead.
It's still tax. It's still someone ruling over you.
It's still someone manipulating the market and acting against personal liberty.
But you can avoid it. If you wish to play ball it won't affect you. Just as they don't affect me.


We have EU parliament. National government. Devolved governments in Scotland Ireland and Wales. County Council and Parish Council.

The UK is the size of one large US state.

 

Lets take this to it's logical conclusion and assume that Americans ONLY bought US goods, never foriegn. What would be the net result would you say?

 

So Obama did a really lousy job here, right? Oh wait, Obama didn't even get that much done during his eight years in office with his anti-capitalistic Obamanomics.

 

it didn't have much to do with trump, economy was already good and growing before he step in. the only thing he did is tax cut which benefit some company. but now tariff will eventually ripple through economy, we will see that next year.

 

Obama was busy sucking just like Trump is. Obama got lower wage growth than Trump but inflation was also lower so really they are both just as sucky. So if the economy is growing. but in real dollars wages are not, then who is getting all the money?

 

The wealthy are doing nicely but the proletariat is going backward when inflation is factored in.

The wealthy don't spend on consumption and save most of their money in investments, often in foreign countries.

 

Agree Obama suckles.

Trumps his daddy.

 

Lolz at marxist catch phrases like proletariat.

You still won't tell us what country you are from.

Perhaps you imagine you are from no country.

 

They both suck. Glad we agree. Real incomes haven't risen under Trump. In fact real incomes rose more under Obama than Trump when we adjust for inflation:
https://fredblog.stlouisfed.org/201..._term=related_resources&utm_campaign=fredblog

 

And the govt. put insurance like the FDIC on pensions and then the corporate raiders could rob the pensions and the taxpayers had to pay..Much like flood insurance, some people think it's used by people affected by hurricanes, it also covers wealthy people with houses on beachfront property and tiny islands that are affected by casual erosion.

 

The inflation rate is 2.0-2.2%

 

Good.
Spending on investment is prefered to spending on consumption.

Consume your capital and you will become poor fast.
FFS. That which you have consumed you cannot use to produce more.

Consumption is the absolute worst possible kind of spending.


Take a fish away from a fisherman, but don't take his rod.
I know it's worth more. But don't. Capital, investment, is the bit that provides all the jobs.
Consume that, and you get....Venezuela. Zimbabwe.
Rampant poverty.

There is a reason why wealthy people are wealthy.
Imitate their success. Do not aim to imitate the poor.

 

You are evidently not an economics professor.

 

Two things.
1st, since when does the left care about inflation? I never heard these concerns when Obama did not increase Social Security checks multiple times. I didn't hear concerns from the left when Obama signed stimulus bills, which is money printing 101.

Some of you don't even know what inflation really is, but I digress.

Secondly, wages and benefits are going up at the fastest rate in a long time. The inflation rate is not the point of the thread. The rate on increase in wages and benefits is.

 

So if wages rise 2% and inflation rises 3% you don't see a problem?

The low hanging fruit of tax cuts is already done. There is no follow-up possibility. The proletariat is stonkered and Trumped.

 

That is a problem, but the point of mentioning it is to deflect from the obvious good news.
Care to show me when the left started caring so much about inflation?