[OrangeBlossomBaby]

Originally Posted by dewilson58

Why are people happy with 3.3% inflation??

Stock market jumps.
Buy/Buy/Buy.

I guess it's better than 9.9%.

Are you happy??

Well let's see. Four years ago my income was my part time job at Publix, maybe $400/month total. Bursitis forced me to quit, and my income went to zero. Last year I turned 62, and now get $958/month in Social Security. Hubby was, and still is, providing all the rest in Social Security, pension, and a 2-day/week job.

I'd say we're doing great.

[CoachKandSportsguy]

Originally Posted by Normal

Taxes on corporations are a bad thing. Guess who pays that bill? The consumer

So how do consumers consume if the employers keep eliminating them. Jobs aren't unlimited, and paying above minimum wage jobs are getting smaller. . .

If you think that the minimum wage consumers can keep this entire economy growing, you haven't been in the work force lately.

theory is great, until it doesn't scale and work in real life.

[JMintzer]

Originally Posted by Bill14564

Sorry, I don’t see the value judgment in my statement.

But now that you mention it, 3.3% is a whole lot better than 6.5% or 7.0%

Yet you keep ignoring that that 3.3% is still significant;y hicher than 3.5 years ago and when added to the nearly 17% cumulative inflation of the 3 .5 previous years, you have a 20% increase in prices...

But sure, it's better than a 25% increase in prices, so we got that going for us... Which is nice...

Kinda' like receiving "total consciousness on your death bead"...

[JMintzer]

Originally Posted by Stu from NYC

Clinton got all the credit but it was really a shared bipartisan result

"He turned me into a NEWT..."

[Bill14564]

Originally Posted by JMintzer

Yet you keep ignoring that that 3.3% is still significant;y hicher than 3.5 years ago and when added to the nearly 17% cumulative inflation of the 3 .5 previous years, you have a 20% increase in prices...

But sure, it's better than a 25% increase in prices, so we got that going for us... Which is nice...

Kinda' like receiving "total consciousness on your death bead"...

3.5 years ago, 2021? Inflation at that time was 7%; is that what you want?

Yes, inflation has been lower in the recent past. Most years since 1996 have had inflation rates less than 3%. I would certainly prefer 1% over 3.3% but I see a decreasing trend over the last four years as a positive sign.

[Stu from NYC]

Originally Posted by Bill14564

3.5 years ago, 2021? Inflation at that time was 7%; is that what you want?

Yes, inflation has been lower in the recent past. Most years since 1996 have had inflation rates less than 3%. I would certainly prefer 1% over 3.3% but I see a decreasing trend over the last four years as a positive sign.

I do believe that for those of us without a mortgage cost of living increases are substantially higher than what they are telling us.

[dewilson58]

Originally Posted by Normal

Taxes on corporations are a bad thing. Guess who pays that bill? The consumer

Agree.

In the weeds with debits and credits................"Tax big nasty corporations".

Reality: No such thing as Taxes on Corporations. It's jus another cost of doing business and who pays for these costs, plus margin???

Hmmmmmmmmmmm

[MorTech]

Originally Posted by Two Bills

People keep banging on about the debt our kids will have to pick up.
It's our kids who have been running the show for years.
Blame them.
Our turn at the wheel has long passed.

That is probably true now...The under 50 year old vote the future. They will continue to try and vote themselves "free stuff" and will end up starving...like the third world. Maybe they will figure it out.

"From each according to their ability, to each according to their need" makes for an unable and needy society...Always

[Normal]

Originally Posted by CoachKandSportsguy

So how do consumers consume if the employers keep eliminating them. Jobs aren't unlimited, and paying above minimum wage jobs are getting smaller. . .

If you think that the minimum wage consumers can keep this entire economy growing, you haven't been in the work force lately.

theory is great, until it doesn't scale and work in real life.

If the government taxes a product/company, the price of the product goes up to cover the loss.

It’s fairly simple really.

No business is out to work for a loss.

[opinionist]

Inflation can be viewed as the growth of debt since money is now printed to create new debt.
The greatest scam in history involves creating new debt (a few keystrokes) and collecting interest on that debt.
Money could have been created with non-interest-bearing treasury notes, but that would deprive banker families of enormous wealth.

U.S. National Debt Clock : Real Time

[JRcorvette]

Originally Posted by dewilson58

Why are people happy with 3.3% inflation??

Stock market jumps.
Buy/Buy/Buy.

I guess it's better than 9.9%.

Are you happy??

It is not Really 3.3%… not on items that we purchase every day! Try more like 18%
No I am not happy at all because it could have been avoided!

[dewilson58]

Originally Posted by JRcorvette

It is not Really 3.3%… not on items that we purchase every day! Try more like 18%
No I am not happy at all because it could have been avoided!

3.3% is the last 12 months.

Your 18% is the last ~3 years.
In MANY cases, it's 30%, 40%, 50%, etc.
Very Painful.

[JMintzer]

Originally Posted by Bill14564

3.5 years ago, 2021? Inflation at that time was 7%; is that what you want?

Yes, inflation has been lower in the recent past. Most years since 1996 have had inflation rates less than 3%. I would certainly prefer 1% over 3.3% but I see a decreasing trend over the last four years as a positive sign.

Ridiculous question.

But sure, keep crowing how great the inflation rate is. You seem to be the only one who actually believes that nonsense...

[OrangeBlossomBaby]

Originally Posted by JRcorvette

It is not Really 3.3%… not on items that we purchase every day! Try more like 18%
No I am not happy at all because it could have been avoided!

I pay no tax at all on milk, bread, meat, fish, cheese, and many other items at the supermarket. Those are my "every day" purchases.

[JMintzer]

Originally Posted by OrangeBlossomBaby

I pay no tax at all on milk, bread, meat, fish, cheese, and many other items at the supermarket. Those are my "every day" purchases.

Who mentioned taxes on food?