121–130 of 133 posts
Didn't people start America because the places they came from hundreds of years ago, Britain, Germany, France etc. were so oppressively unequal with respect to wealth and liberty? So, hundreds of years later, what have they created? Something better? Something similar? Something same same but different? https://www.thebalancecareers.com/top-worst-paid-jobs-206169...
> Didn't people start America because the places they came from hundreds of years ago, Britain, Germany, France etc. were so oppressively unequal with respect to wealth and liberty? No not really. As far as I understand it was religious freedom which brought the pilgrims, and then the American revolution was about tyrannical government.
Earlier quoted context omitted.
> Didn't people start America because the places they came from hundreds of years ago, Britain, Germany, France etc. were so oppressively unequal with respect to wealth and liberty? No not really. As far as I understand it was religious freedom which brought the pilgrims, and then the American revolution was about tyrannical government.
The pilgrims and Puritans wanted to practice their own interpretation of Christianity. They did not support any wider concept of religious freedom and had no qualms about persecuting other religious groups like Baptists and Quakers.
Earlier quoted context omitted.
>Anyone who didn't get a 20% raise this year lost money. but inflation (as measured by CPI) isn't anywhere close to 20%?
Housing prices across the board have jumped 40% on average -- in the past year. In the insane prop 13 fueled market that is california bay area increases are closer to 65% in the past year.
Earlier quoted context omitted.
No they haven’t. “According to Zillow, the typical value of U.S. homes is $269,039 as of January 2021, a 9.1% increase from January 2020. Between 1999 and 2021, the median price has more than doubled from $111,000 to $269,039.”
What about only including data from places people want to live? You can buy a house in South Dakota for 25,000, but that not useful information when looking at national housing inflation.
Earlier quoted context omitted.
The problem is that worries about inflation are only ever trotted out when relief for individuals is being considered. Money printing to juice the markets happens without concern or debate. The bailout that caused all the current asset inflation happened reflexively after a single day drop in the stock market at the start of Covid. Executives had looted companies by loading them up with debt that relied on optimistic…
> Executives had looted companies by loading them up with debt that relied on optimistic cashflow, gave themselves bonuses for that "optimization", and then got bailed out when the cashflow slowed. These companies should have been restructured in bankruptcy, with the executives going to jail for violation of fiduciary duty. By "optimistic cashflow", do you mean the assumption that the government wouldn't suddenly ban…
Earlier quoted context omitted.
>But… that is inflation did I say it wasn't? The BLS freely admits that inflation is higher than usual at 5.4% YOY. What's being disputed is whether it's 5.4% as the BLS claims or 20% as GGP claims. >Is this effect global? Who knows, it’s anecdata The problem is that listing a bunch of things that's gone up by 20% doesn't mean the overall CPI went up 20%. CPI is a weighted measure, so the things you listed only contr…
I read the gp comments as questioning the relevance of the CPI. From my experience it understates the very real price increases I am seeing where I am
Ubers have also increased in price.
Groceries.. have not.
Anyone who didn't get a 20% raise this year lost money. As the fed pumped cash, the stock market gains kept the rich from feeling the inflation that is being handed to everybody else with a bow on it. For months everyone has naysayed the idea that money printing would have a negative effect, now just Google "inflation" news articles.
It appears that it was like that for a while… S&P 500 had 4 out of 5 last years with at least 15% annual returns (2018 had negative returns).