331–340 of 593 posts
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Wealthy people pay almost all the taxes. the top 10% pay 71% of taxes and the top 25% pay 87%. 75% of the country contributes nearly nothing but complaints.
> top 25% pay 87% Wow, this is pretty eye-opening.
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> personal preference is to trigger a recession and reduce inflation These aren't binary outcomes. Tight money does nothing to ease supply-side bottlenecks. It does little to target demand displaced by rising energy prices. If those are the principal drivers of inflation, tightening could depress non-energy demand in a way that causes a recession without alleviating inflation. Stagflation. (To be clear, we're not at…
Through their actions they’re revealing that all of the excuses thus far were a lie. “Chip shortage”, “wood shortage”, “salmon shortage”, were all fake and overblown, and the real problem was too much money the whole time.
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The administration did not cut production. Covid did. The oil industry is dragging their feet.
We were net exporters during covid under the last admin. This is the policy the current admin enacted that cut our production: https://www.csis.org/analysis/biden-makes-sweeping-changes-o... Please point to something that supports your theory that "covid did it" and oil companies are "dragging their feet". - edit, at my post limit - @vel0city: Banning new leases two years ago hurt our production output. Banning new s…
> A more permanent leasing ban would have a significant impact, although visible offshore production declines may not materialize for up to 10 years, given the typical timeframe for planning, exploration, appraisal, and development.
My source pointing that the current admin's actions haven't significantly changed things today is your own article.
https://www.csis.org/analysis/biden-makes-sweeping-changes-o...
The returns that capital demands (and the government obliges to) are ultimately unsustainable. That's the core problem here. Rising wages? There has been no meaningful real increase in wages in 40 years despite a massive increase in productivity. Profits keep going up and up. The expectations for profits keep going up. The problem here is that the people who make companies possible don't get to share in the proceeds…
This time around interest is lagging inflation by atleast 1 year.
In the 70s the rate and salaries increased BEFORE the inflation occured = inflation was rate/salary driven and because debt level was lower.
Today salaries are not increasing 10% per year for most people.
So I actually think the interest rate hike increases the scarcity inflation eventually since energy production need low interest loans to build new sources.
The only sure thing about the hike is that ZERO new companies will be created, for good and for bad.
The returns that capital demands (and the government obliges to) are ultimately unsustainable. That's the core problem here. Rising wages? There has been no meaningful real increase in wages in 40 years despite a massive increase in productivity. Profits keep going up and up. The expectations for profits keep going up. The problem here is that the people who make companies possible don't get to share in the proceeds…
Which consumer products do you own come from Norway?
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This is a double edged sword, naturally. Old debt becomes cheaper in equal measure to more expensive new debt.
yes I don't think it's the case that inflation doesn't hurt the lower half of earners at all, but this entire post is filled with people assuming that inflation hurts poor people the most. I don't know where that assumption comes from but it doesn't make sense to me.
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The Norway example is really annoying. It keeps coming back as an example to follow, when everybody knows it is a complete outlier that cannot be reproduced elsewhere. Norway is sitting on a gigantic pile of offshore gas that it uses to generate massive profits that go into a huge fund they don't know what to do with, all of that for a 5M population that drowns into social programs. There is literally no country in t…
In Norway the state is rich. The people not so much. Best way for Norwegians to feel rich is to travel abroad.
At what point does my savings account at my bank make money?
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The Fed can only manage monetary policy. If Congress wants to fix the petroleum energy crisis with policy, it has the tools to do so.
High gas prices are mostly a function of insufficient refining capacity, short of the government building more, I dont see a policy fix here. The market is responding to the probability of an electric future.
The returns that capital demands (and the government obliges to) are ultimately unsustainable. That's the core problem here. Rising wages? There has been no meaningful real increase in wages in 40 years despite a massive increase in productivity. Profits keep going up and up. The expectations for profits keep going up. The problem here is that the people who make companies possible don't get to share in the proceeds…
a huge chunk of oil has been taken off the global market and refining capacity can't be increased instantly
>After going into massive debt for college
college used to possible to be paid for with a part time job before the government started handing out loans which jacked up prices