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Cake day: April 29th, 2025

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  • -Mass immigration and loosening regulation so temporary students can work 40 hours a week when we finally had wage pressure, as people asked for simple cost of living adjustments after massive asset price inflation and corporate revenue.

    -Allowing unions to be forced back to work, eliminating all bargaining for wages.

    -Ignoring the cost of living increases from QE and unfunded stimulus, by not taxing the rich a dime to pay for any of it.

    Am I wrong in any of this, I’d love a carefully thought out retort that isn’t Cons bad.











  • toastmeister@lemmy.catopics@lemmy.worldthey are not wrong
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    22 hours ago

    Can you explain it to me because I’d love to know more. My base assumption is if the US had a spike in food prices would they not dramatically increase interest rates, until food prices deflated?

    Rising rates would then drop their current asset bubble due to a contraction in money supply. Hence it could be seen not to be as much a tax as it would be a large amount of pain for existing asset holders who hold nominally valued assets, which would mainly be the rich?

    Another assumption I’d make is higher inflation would also lead to a lower unemployment and greater wage pressure, due to the phillips curve?