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Economy GOP back to Inflation worries. "Hyperinflation"

Discussion in 'The War Room' started by Oceanmachine, Apr 4, 2021.

  1. Rob Battisti HR for HR

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  2. Natural Order Cosmic Alpha

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    The wealthiest people on the planet transferred upwards of 20 trillion dollars in wealth from the hands of the middle and lower classes.

    On a story about a cold that has a sub 1% mortality rate....

    Imagine.
     
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  3. Rob Battisti HR for HR

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    Build back better!
     
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  4. BIKES! So then I said... Platinum Member

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    If you believe all the CDC claimed 600k US deaths were really all because of Covid and not with Covid, it’s not even 14bps. That’s around 7/10th of 1%. Saying 1% is a drastic overstatement.
     
  5. BIKES! So then I said... Platinum Member

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    I’m Approve, Biden and I Joe this message
     
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  6. Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog

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  7. Rob Battisti HR for HR

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    [​IMG]
     
  8. Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog

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    :) One-third of the total increase is just used cars and trucks (which are up 45% because of bottlenecks). Pretty clearly not a general inflation issue at this point. Remember when everyone was freaking out about lumber prices? They're not flat YOY. I think there are pretty obvious solutions to the car shortage, too.
     
  9. Rob Battisti HR for HR

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    see you in May 2022 my friend
     
  10. 12ga. Gold Belt

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    Last edited: Jul 13, 2021
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  11. MoparOrNoCar Silver Belt

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    Exactly what the democrats want. To print an unheard of amount of money, pay people the same amount on unemployment as they'd get on the job market and then raise taxes to try and level everything. Then point the fingers at low tax rates across the board as if that's the problem.

    We all want billionaires to pay more in taxes but they aren't going to pay much regardless because there is a loophole for everything. All you're advocating for is for the middle class to get their ass handed to them so they can stay on the status quo of people getting paid to not work and trillions being printed up so they can be wasted on democratic agendas. These guys don't get a check every month for a billion dollars with federal and state taxes taken out like you and I do. Their money is funneled in ways that avoid the basic tax rules that the rest of us abide by.

    The smart thing would be to stop paying people to stay home so every business you drive by wouldn't need a "Now hiring" sign. Stop printing trillions of dollars during a pandemic for no reason other than people are now conditioned to it. Then start by closing up these tax loopholes that allow the rich to pay less than the middle class.

    But that will never happen because it would require the rich to write and vote for policy that would make them less rich. It's a conflict of interest. Every other partisan argument about tax rates is just political drivel.
     
  12. Jackie Blue Gold Belt

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    You're arguing against a strawman here. If you Google "inflation is a myth" you literally get one "liberal" making that argument and the rest are apolitical posts specifically about 2% Bitcoin inflation being a myth. Can you show that this is actually a common belief among liberals/leftists? I'm on the left and I've literally never heard that before.
     
  13. Denter Silver Belt

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    The idea of taxes under MMT is to basically destroy the extra money floating around, right?
     
  14. Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog

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    Also false in that not all the items he listed are rising that much. But more than that, inflation is a general rise in prices. Some things becoming more expensive relative to other things can be a problem for some people, and a policy solution to that is different from a solution to inflation (which is generally not a problem anyway).
     
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  15. Jackie Blue Gold Belt

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    We can agree on that much at least.

    FWIW, I'm from the Boston area and live here now, but I moved to the D.C. area in 2004 not long after college and was there for a few years. And coming from Boston, it seemed really affordable to me at the time, and I'm sure it still is relative to Boston. I was able to easily afford to rent a large condo in a gated community with an in unit washer/dryer and nice amenities like a pool and a gym.

    Your parents' house would be worth $750k-1 million in the Boston area. To get a single family in that price range in the Boston area, you'd only have a few options in some shitty suburbs like Revere or Everett. Definitely not more desirable suburbs like Cambridge, Arlington, Somerville, Watertown, Newton, Brookline, etc. The cheapest single family in my hometown of Cambridge is $825k. Next cheapest is $1,095,000.

    It used to be that someone could come here from Ireland or Italy or the US South with nothing and work hard at a blue-collar job and afford to invest in a house. Those days are over. Fiscal conservatives and neoliberals blame the individual but it's clearly a systemic issue. Hopefully we can agree with that and work together to solve it whether we're aligned with the left or the right.
     
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  16. Jackie Blue Gold Belt

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    *Like*

    That was an interesting conversation to listen to. I'm not a regular viewer of DP anymore but he definitely knows his stuff. I also used to watch Kevin a bit, although Graham Stephan was more my guy when it came to financial stuff on YouTube.
     
  17. Natural Order Cosmic Alpha

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    Have we even factored asymptomatic cases into this stat? Because that would take it all to comically low levels....
     
  18. cottagecheesefan Gold Belt

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    Wait, so every metric of inflation confirms inflation, but the sherdog members who are porn afficiandos and/or stalk people who pose nude on beaces say otherwise? Colour me blind
     
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  19. Rob Battisti HR for HR

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    It’s turning from “inflation isn’t real” to “its transitory” to “its not a bad thing”.
     
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  20. cottagecheesefan Gold Belt

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    you have it reversed. They first said it was normal and not a bad thing, to now saying it isn't real
     

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