The Inflation Paradox

Discussion in 'Current Events' started by Quadhole, Jun 13, 2021.

  1. AKS

    AKS Banned

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    Did you also say, "Man, I'd like our companies to pay more for steel and aluminum" too? Why not?
     
  2. FatBack

    FatBack Well-Known Member

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    What's your boy done about it? It's now 2021.
     
  3. AKS

    AKS Banned

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    Neither are "my boy" it's just that I'm not a partisan hack.
     
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  4. Quantum Nerd

    Quantum Nerd Well-Known Member

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    And if Trump had slapped a tariff on foreign imported oil, you would have sung his praises. Because short term pain for long term gain and such.... Don't even deny it.
     
  5. FatBack

    FatBack Well-Known Member

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    And if lumber prices were this way under Trump, you know very well you would have blamed him. Deny that. The difference is, i'm speaking ot things that actually happened, not some hypothetical that never did.
     
    Last edited: Jun 15, 2021
  6. FatBack

    FatBack Well-Known Member

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    Another "i'm not a lefty" huhh? Bunch of those around here. So what's Biden done about it?
     
  7. AKS

    AKS Banned

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    Go back and re-read my post again. Slower this time. Not supporting a moron like trump does not make one a "lefty". You should up your analytical game.
     
  8. FatBack

    FatBack Well-Known Member

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    Are you planning to answer the question at any point? I could "analyze" at this point, that you have no answer. = "Trump bad"
     
  9. AKS

    AKS Banned

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    I know your "your a lefty" label is childishly superficial, but I have over 8k posts here. Surely you can find ONE that exposes me as a "lefty".
    The fact is that I'm a free enterprise, free market, small government conservative. And trump was a cancer that metastasized his low brow low IQ sickness into my party. I have trouble respecting anyone who is a die hard trump supporter and a republican. Those people typically have trouble seeing past their noses.
     
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  10. AKS

    AKS Banned

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    No, I'm not going to answer your stupid question because biden is no better than trump. Both dumb as rocks but as least biden is smart enough to NOT make rising costs a bedrock campaign promise. And BTW, you find a biden policy that is contributing to the problem and I will be right behind you to criticize him.
     
    Last edited: Jun 15, 2021
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  11. ButterBalls

    ButterBalls Well-Known Member

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    Dunno? Just know I'm paying "As of today" $3.95 a gallon so is everyone else paying higher then 2019/2020 prices including long haul delivery rates.
     
  12. ButterBalls

    ButterBalls Well-Known Member

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    Who you trying to bullshit :)
    What? You just toss inaccurate stuff out and expect people to believe it ;) Fuel here is 3.95 a a gallon, considerable higher now then under Trumps 4 years.. Even with the COVID attacking the U.S. and every other country on the planet.
     
    Last edited: Jun 15, 2021
  13. ButterBalls

    ButterBalls Well-Known Member

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    I seen it coming ;) Actually look forward to it, love to see subsidized leftist forking out $80 dollars every couple weeks to fuel up, best punishment there is having them hit in the pocket book...
     
  14. FatBack

    FatBack Well-Known Member

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    Only problem? We have to suffer with them.
     
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  15. Patricio Da Silva

    Patricio Da Silva Well-Known Member Donor

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    You have it right, though I don't see inflation as a paradox, it's fairly simple but people make it more complicated. Inflation is, in essence, a tax on those who cannot hedge, in favor of those who can, to the benefit of it's initiator, the government. Basically it's too many dollars chasing too few goods. Supply and demand change prices, but they don't change the trend, only swelling the money supply in the aggregate, 'too many dollars chasing too few goods' does that.

    What it does is, essentially, transfer wealth from the poor to the rich. This idea that the wealthy pay most of the taxes doesn't account for the fact that wealth accrual surpasses inflation and the taxes do not even keep up with it. What that means that, in terms of wealth, they are not paying any taxes, tbe are not feeling it. The cash argument is an illusion. And that faster than inflation accrual is paid for by the diminishing purchasing power in the bank accounts of those who are unable to hedge, the poor. The poor, those who are not actually taxed, are taxed the most, via inflation.

    Trump's tax cut was roughly the same amount as the stimulus, and unless the taxes on whom they were lowered the super rich, are raised, there is going to be inflation, and that is what is happening right now, and the only ones who are not paying for it are the rich, they are profiting from it, to the tune of billions because they are well hedged. If you own property, you are hedged, but you won't benefit unless you sell your house, and for many, that might be never. The rich have liquid hedges, hedge funds, gold, silver, that sort of thing.

    Robert Reich is wise, I like his videos, brings a lot of understanding to complex ideas and subjects.
     
    Last edited: Jun 16, 2021
  16. ButterBalls

    ButterBalls Well-Known Member

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    True that! But in my case, I can hang longer then they can "Welfare dependents" ;)
     
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