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re: Tired Of Pinching Pennies!!
Posted on 8/30/23 at 12:40 pm to BayouBengal23
Posted on 8/30/23 at 12:40 pm to BayouBengal23
At some point it will piss off enough people to become activists in working to throw out existing politicians in favor of those candidates who support abolishing the Fed and abandoning Modern Monetary Theory
Inflation is a tax on the mid to lower income population and will continue to drain what little they have until something radical is done
Not saying I am pro or against this stance, just stating the facts.
Inflation is a tax on the mid to lower income population and will continue to drain what little they have until something radical is done
Not saying I am pro or against this stance, just stating the facts.
Posted on 8/30/23 at 1:14 pm to TigerTatorTots
quote:The general populace is financially ignorant.
At some point it will piss off enough people to become activists in working to throw out existing politicians in favor of those candidates who support abolishing the Fed and abandoning Modern Monetary Theory
Posted on 8/30/23 at 1:48 pm to TigerTatorTots
quote:
At some point it will piss off enough people to become activists in working to throw out existing politicians in favor of those candidates who support abolishing the Fed and abandoning Modern Monetary Theory
I believe we have reached a point where doing this, while it will have long term benefits, will be absolutely devastating in the short term. Like, soup kitchens Great Depression devastating for a period of 3-5 years.
After 3-5 years we will be much better off, but my goodness it's going to be a rough transition. This is why it won't happen, no one will be willing to brave that.
quote:
Inflation is a tax on the mid to lower income population and will continue to drain what little they have until something radical is done
It most certainly is. The wealthy aren't affected when the price of basic goods and food increases.
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