re: How is inflation impacting you? Radio host gets some pretty serious answers

This is why you live BELOW your means.

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We're not struggling, but we no longer go anywhere on the weekends. We cook more at home, no longer eating out, no longer run the roads and go shopping. You know..."the trickle down effect".

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This is us as well. I did some quick math a few weeks ago before this massive fuel price hike up and figured that our household was spending an additional ~$400 per month than we were 12-18 months ago. After fuel jumped up that's now probably closer to $500-$600 extra a month. We're basically paying an additional car note and getting nothing to show for it.

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Going from charging $35-$40 up to $65 and only losing 25% of customers? That’s less work for more money..

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This is where a rudimentary education in finance/business would help. This exact scenario is scaled up when it comes to taxes. If you increase taxes on businesses, business will push that cost onto the customers. Customers see increase in cost, and then stop buying product. Lack of sales, leads to cutbacks. Cutbacks can mean reduced hours, layoffs, etc... All of which equate to a net loss in tax revenue for government. So not only does the increased taxes result in less tax revenue initially, but the trickle down effect of income tax, sales tax, etc... is also lost.

Conversely, if you lower taxes, then you create a larger tax base. Lower taxes equal lower prices. Lower prices = more sales. More sales = more revenue = more taxes.

The same applies to the lawn company. Lower prices = more customers. Higher operation costs result in higher prices resulting in fewer customers. Depending on their margin, the lawn service may very well be breaking even with a 20-30% raise in rates. Less work, means you can't afford as many workers, which means you can do as much work.

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At the beginning of Delta I went to the grocery store and saw an old couple with about 6 items. Mostly generic. They were obviously retired and on a tight budget apparently. Anyway, we were stuck behind a messican and a queen . Both had fully loaded carts. I give the illegals props though - they at least had generics in their buggy.

This country is so fricked.

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Thanks FDR. Thanks LBJ.

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Inflation can make a lot of things ABOVE your means that were not before. So if you are living on fixed income, like a pension plan, you are particularly fricked when grocery prices double. Especially if you are too old to go back to work.

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I think he means, "Does T-Roy really need that $80,000 truck?"

Business math /intro to Econ should absolutely be a high school graduation requirement.

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when asked what needs to be done, many people respond with: “print more stimulus money.

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Anyone that thinks hyperinflation will change people's thinking and political persuasions is dead wrong. It will cause people to cry out for the government to save them, the government will gladly step in and it will hasten the end of our little experiment.

What the heck was that guy filling up that it cost them $115? I have a truck and it didn't cost me anywhere near that much. Must live in California.

Why would a lawn service almost double their lawn mowing prices because gas went up $.60-80? Will they lower the price when gas prices go down? I highly doubt it.
I can see raising your minimum for new customers but going from $30 to $65 is ridiculous.
Businesses are starting to price gauge and blaming it on the price of gas.

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And many, MANY of those will still vote democrat again in 2022 and 2024. They’re stupid and I don’t feel sorry for them whatsoever. In fact, those are the ones who deserve what’s happening right now.

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Is it possible for me to upvote this more than once because this is the brass tacks facts. Well said!