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Last fall, eggs were $1.29 at a convenience store chain. Now, they are $2.99 at that chain. I used to get a dozen eggs for $.50 when I lived in Minneapolis -- 45 years ago.
Unless you are so wealthy you don't have to worry about money, you've felt this inflation. The cost of living in America has increased quite a bit, and it's probably only going to get worse. Also, people who have been affected by this inflation have been feeling pain longer than this inflation, they've really been feeling it since the start of the pandemic.
As of April 2022, there are still 1.7 million fewer jobs than there were in April 2020, right as the pandemic was starting up. Yes, we had eviction moratoriums, as well as a pause on student loan repayments, and even a couple direct payments to Americans, but the federal government never did enough to help everyday people during the pandemic, not even close. Between COVID, which cost millions of people jobs, and inflation, which raises the cost of living for everyone, times are harder than they were just a few years ago. If you have a 401k or IRA, you're better off than a lot of people but we've had two severe market crashes in the last 15 years (2007, 2020). As COVID, inflation, and market crashes affect people who aren't so wealthy they don't ever think about money, it doesn't affect the people who are so wealthy, and they're perfectly fine with what's going on.
Billionaires in America, there are more than 700 of them, have seen their wealth rise $1.7 trillion, or by 57%, in the two years since COVID began. In March 2020, it was $2.9 trillion, now it's $4.6 trillion. Under current tax laws, almost all of that wealth gain is tax free and the top 15 richest people in America have seen their wealth rise 79% since the start of the pandemic, from over $840 billion to now over $1.5 trillion. The 15 richest people in this country have over $1.5 trillion combined.
Those are the people that run the United States, they own the largest businesses and firms in this country. They give millions of dollars to our politicians and they own them. Our policy makers take their money and are completely beholden to them and do exactly what they say. The politicians themselves also personally profit off this system so they're happy to do it too. We let the wealthiest, and most powerful people in this country make all the rules so obviously they rig things in their favor. Basically anyone would do this if given the chance.
The truth is that we live in a society that is motivated by greed and the people in charge LOVE this inflation. They make money off of our suffering, there's no other way to say it. It honestly doesn't matter if Donald Trump or Joe Biden is in office, the rich making bank and being protected while everyday people get screwed was going to happen regardless of who won in 2020 and probably regardless of who wins in 2024.
The only way to turn things around for the majority of the American public is to elect politicians who want to stop funneling all of our resources to the top, and instead use the resources that we have to enrich all of our lives.
Last edited by TylerSL; 04-30-2022 at 08:14 AM.
Always good to hear from you, Tyler.
There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.
Will Rogers
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I just saw a chart on Fox which explains why our discussion is so much different about inflation. The more conservative areas have higher inflation areas than liberal ones. The north east has lower inflation than the south east and middle of the country. The west coast has slightly higher than the north east but about 1% lower than the south east and Midwest.
GJO- You will never be forgotten. "MORE THAN MINFINITY"!
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