Why inflation can actually be good for everyday Americans and bad for rich people

Discussion in 'Political Opinions & Beliefs' started by Durandal, Jan 10, 2022.

  1. Hey Now

    Hey Now Well-Known Member

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    Well, American women are paying attention to the mids this year so...
     
  2. cabse5

    cabse5 Banned

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    Too bad us retired folk who live off fixed incomes and investments must endure rampant inflation and a dopey Federal Reserve (who can't possibly be interested in free market capitalism) who's more interested in keeping prime interest rates low to placate the Stock Market.
     
    Last edited: Sep 20, 2022
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  3. Zorro

    Zorro Well-Known Member

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    Typical! Finger pointing and blaming, not solutions! We'll see how well that worked with the voters, in just 48 days!
     
  4. Bullseye

    Bullseye Well-Known Member

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    What's that got to do with inflation?
     
  5. Moi621

    Moi621 Well-Known Member Past Donor

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    Solution - return to import tariffs

    And export tariffs, especially food stuffs.


    Moi
    :oldman:






    TaxCanada.jpg
     
  6. Kal'Stang

    Kal'Stang Well-Known Member

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    I'll just leave this here.....

     
  7. Hey Now

    Hey Now Well-Known Member

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    Solution is time. As for the finger pointing, I simply was exposing and correcting RW smear propaganda purveyed by disingenuous posts.
     
  8. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Most people who are "struggling" have mortgages, and the silver lining in inflation is the fact that you will earn more and your house appreciates while the mortgage stays the same aka it becomes more affordable. In most cases the mortgage is the biggest expense in peoples lives.

    There is a sliver lining in everything, but natural born pessimists always fail to see it.
     
    Last edited: Sep 21, 2022
  9. pitbull

    pitbull Banned Donor

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    Inflation can enter a vicious circle. As a freelancer, you may increase your salary, but your clients will do the same. Everything is getting more expensive so everybody needs more money. :(

    Everyone's a loser, except those who invested in non-monetary goods just as
    house and land ownership. :)
     
  10. Durandal

    Durandal Well-Known Member Donor

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    That is a problem, considering how unaffordable housing becomes just because a few wealthy people don't want to lose wealth. Everyone else ends up paying for that in real estate prices and rents.
     
  11. FAW

    FAW Well-Known Member Past Donor

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    It is worth noting that most homeowners end up owning between 2-4 houses in their lifetime as opposed to living in one house their entire life. Typically each successive house is more expensive than the previous one. In the long run, the only homeowners that benefit from current rising house prices are those that are in their final house. For the others, they will have to pay more for their next house than what they gained in their current home.

    If it is your implication that you are an optimist that always sees the silver lining in everything relating to the economy regardless of whom is in office, I am going to flat out state that is an assertion that I simply do not believe.

    You only want to search for the silver lining now because a leftist happens to be in office and this issue is likely to hurt the left in the upcoming election.
     
    Last edited: Sep 21, 2022
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  12. independentthinker

    independentthinker Banned

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    LOL. What a bunch of crap. The left has sunk to new lows in now telling us the poor should be happy that they're paying more for everything. With around 70% of Americans thinking the country is headed in the wrong direction (with inflation being their #1 concern), most Americans aren't buying that load of crap.
     
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  13. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    I live in Los Angeles and see the damage Dem control causes firsthand. That does not make me a pessimist. I am optimistic that the egregious levels of irresponsibility by Democrats is not sustainable and will eventually reach a tipping point. In most cases, taxes are the biggest expense. Your silver lining describes the inside of the pockets of those with lobbying money.

    Putting on rose colored lenses or keeping the poverty out of frame, doesn't make it go away. CA leads the nation in poverty in spite of high taxes and abundant resources.
     
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  14. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    This has nothing to do with "dem control", so no, that does not make you a pessimist.

    You are a pessimist because you only see the negative, as is evidenced in this thread, and other threads where you post. There is always something positive in anything, even in inflation, but you can't see it because you are a pessimist.
     
    Last edited: Sep 21, 2022
  15. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    No one is asking you to believe anything. I have always been an optimist, which is why I tend to do fine in any kind of economy.

    Nonsense. That is a projection of how you see things (it depends on who is in office), which is why you can't see silver linings. I have always played my cards based on current situation, and it has nothing to do with who is in office. I am not a Biden fan BTW, or a leftist, and never voter for Obama either. I voted for Ron Paul. Everyone should ALWAYS look for silver linings. ALWAYS. I fee sorry for people who paint themselves as victims and who repeatedly tell themselves life is crap for political reasons. Are you kidding me. As for upcoming elections, I fully expect Dems to lose, and I have stated that countless times on this board. It does not bother me one bit, and then again, - why should it? I think a gridlock is good for the country. As for 2024 I think Dems will win back the House, but I would not mind seeing a moderate / conservative GOP president, as long as its not a divisive butthole like Trump or DeSantis.
     
    Last edited: Sep 21, 2022
  16. FAW

    FAW Well-Known Member Past Donor

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    I was not under the impression that you "asked" me anything. I saw B.S., and I opted to point it out.

    I happened to take 30 seconds to go look back at YOUR poting history. Strange how your now optimism was pessimism when you started this thread back in 2018. Below is a link to a thread that YOU started...

    Cost of Living in U.S. Has Risen 14% Over the Past 3 Years | PoliticalForum.com - Forum for US and Intl Politics

    YOUR OP said...

    Its amazing how your glass half full attitude NOW, was a glass half empty then! Back then you were cajoling us to not believe our lying optimistic eyes and we instead needed to focus upon the negative.

    Hypocrisy? Intellectual dishonesty? We can let the readers decide for themselves.


    I am without question an optimist, but being an optimist does not mean that one should just throw realism out the window. It is true that if the stock market were to crash today by 90%, that would be an INCREDIBLE buying opportunity. That does not mean however, that we should go around acting as if that crash would be a good thing. There needs to be some sense of proportionality. As a whole, a stock market crash, or rampant inflation are not good things. Stating the obvious that these are bad things is NOT an example of playing politics. Just because as with all things you can find a silver lining somewhere does NOT mean that we can pretend like those two things are anything other than very damaging to the economy on the whole.

    There is a reason that the FED increases interest rates in an attempt to slow inflation despite the reality that they know this increase will drastically slow economic activity. That reason is most certainly NOT because inflation is a good thing. To imply otherwise is nothing short of nonsensical.
     
    Last edited: Sep 21, 2022
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  17. FatBack

    FatBack Well-Known Member

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    Oh yeah.... I just love seeing the purchasing power of my dollar go down while my paycheck stays the same.

    Now exactly when is this supposed to be good for me again? This thread has not aged very well
     
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  18. pitbull

    pitbull Banned Donor

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    Not really, because real estate usually doesn't lose value. They tend to become more valuable. :)

    I recently bought a small apartment for €80,000 (in Germany) during an auction. A few days later I sold it for €100,000. Sounds nice, eh?

    But raw money is subject to inflation. So I'm forced to buy something whose value is stable or increases over time. Gold? Diamonds? whatever ...
    :(
    upload_2022-9-21_19-46-52.png





    Open in Google Translate

    Feedback
     
  19. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Oh, I see, you don't know what "seeing silver lining" means or what being optimistic means. See, the "lining" stands for something good among other things that are not so good. Likewise today, I am not saying everything it wonderful, I am saying there is a silver lining, which is what this topic is about. I also never said everything in 2018 was bad, even thought some things were not so great. Did we discuss things which were not great in 2018? Of course, and we are doing that today. I have opened many threads about things which are not great today.

    Like I said, I look for silver linings, and always find them, even in 2018. Even your quote of my post says the wage growth was good and unemployment was low.

    Being all-for, or all-against depending on who is in WH, is a trademark of a partisan mind, and since you expect that as some kind of standard of honesty, shows you have a partisan mindset.

    That's what I said, but you also don't see a silver lining, which is ALWAYS present.

    I would certainly not do that, and I do not celebrate the marker now, as it is stuck at where it is due to ever present Fed announcement. It seems to gain and then fall back as soon as they talk about rate increases.

    Yea, its a bitch isn't it, but it has to happen. The Govt knows it will slow growth, but its the lesser of two evils. Its also a global problem, and the chances are that next year will be a year of global recession.
     
    Last edited: Sep 21, 2022
  20. Durandal

    Durandal Well-Known Member Donor

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    Tis a problem for renters, and as we have seen just recently, the skyrocketing price of real estate has priced many buyers out of the market.
     
  21. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Sorry to hear your paycheck it not going up. Most people are getting pay raises which makes their mortgages more manageable.

    Its aging just fine. Your personal complaint does not change the big picture
     
  22. FatBack

    FatBack Well-Known Member

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    You're like the guy who stands in the middle of his house while it's on fire and declares that "oh this is fine".

    You claim to be not a Democrat but you seem to be full of excuses for this administration while it seemed like you were full of nothing but criticism for the last one when the economy was actually going better.
     
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  23. FAW

    FAW Well-Known Member Past Donor

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    Of course I know what optimistic means.

    You are OPTIMISTIC when looking at runaway inflation now. However, back in 2018 when looking at the same topic..you were PESSIMISTIC....

    Is your optimism a new thing?
     
    Last edited: Sep 21, 2022
  24. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    You have already been corrected. Knowledge of facts does not equal pessimism. You are not qualified to speak for what I see. FYI, I begin and finish every day with a gratitude list. I am fortunate to earn a good living and to know how to use inflation to earn more. This is not about me.

    On the topic of inflation being "good", it is only "good" for those who that know how to capitalize on it, and of course, the tax man. Those hardest hit are the low income. (The people Dems claim to care about.)

    If you want to argue that Dems have no control in spite of their campaign promises and abundant resources, fair enough. I can agree to reducing the size of government and lowering taxes. That will actually help those dems claim to care about.
     
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  25. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    So, you compare to more affordable mortgage to a house being in fire.......Go figure.

    Again, I'm sorry your salary is not going up. It must feel like a kick in the teeth seeing everyone else is getting a raise.

    The facts about inflations effect on mortgages has literally nothing to do with any administration. It works the same in any admin.
     
    Last edited: Sep 21, 2022

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