Jimmy Higgins
Contributor
- Joined
- Jan 31, 2001
- Messages
- 46,935
- Basic Beliefs
- Calvinistic Atheist
Is when someone uses an 'expert' to disprove a widely accepted fact among experts... like using a biologist's belief to disprove evolution.
Okay, so unemployment now causes inflation? The inflation is due to supply chain issues. Our global ... read that GLOBAL infrastructure was scaled for a certain level of economic activity. There was a sharp decline and then sharp increase in economic activity, both of which our GLOBAL system is not remotely capable of handling. I bought carpet recently... not a good time to as carpet pricing has gone up several times in the past year. And that isn't because someone got a $2400 check to help make up for the massive drop in economic activity for a couple quarters in 2020.Part of the reason why we have high inflation right now is that there was a lot of money distributed to people in 2020 - expanded unemployment, stimulus checks, paycheck protection plan that was rife with abuse. These programs were necessary but should have probably been discontinued sooner than they were. In any case, it resulted in more money chasing - due to pandemic - fewer goods and services. Result: inflation.
We are seeing price increases in large items that require materials and shipping. This is where we are seeing the kink in the system, which is leading to higher prices, like how shipping across the Pacific, which is up over 400%.
That "tax break" existed until Trump removed it. It is also a bunch of BS to say it is "Blue State", because the "Red States" benefit from lower real estate prices for homes of similar types. The reduction in the tax break didn't impact Red State wealthy people as much as Blue State wealthy people, and that was intentional.Now we have $1.2T for infrastructure, which is good and necessary, to add to the money flooding the economy. We should not add to it by expanding entitlements and giving blue state rich a huge (and regressive) tax break.