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Started By
Message
... so it's ok when my guy does it ... 
1
Posted on 11/21/25 at 7:41 am to NC_Tigah
quote:
”Making 500k a year now is like making 100k in 2018”
Yet another example of perception separating from reality.
In 2018, the percentage of American households earning incomes above $100,000 was 30.4% ( LINK)
Inflation adjusted, $100,000 in 2018 equates to $129,000 today.
That’s a great post, especially pointing out the irony of making that claim in THIS particular thread.
This post was edited on 11/21/25 at 7:42 am
Posted on 11/21/25 at 7:41 am to NC_Tigah
That article is 3 and half years old. Wonder what it is now.
Posted on 11/21/25 at 7:43 am to theballguy
quote:
so it's ok when my guy does it ...
Inflation is dumb regardless of what the man who occupies the White House calls himself.
Posted on 11/21/25 at 7:44 am to Flats
quote:Yes, and no.
Wealth <> income.
Savings derives from a combination of income and frugality. Wealth derives from savings. In a system where greater than 80% of wealth is first generation "new money," those are important concepts.
In this day and age of low-cost, electronic investment transactions, savings, are a wealth multiplier. Meaning as savers aggregate wealth, it creates a so-called "wealth disparity" relative to non-savers.
Posted on 11/21/25 at 7:45 am to 4cubbies
quote:
Inflation is dumb
Hrm.
Posted on 11/21/25 at 7:47 am to LB84
quote:
That article is 3 and half years old. Wonder what it is now.
Less people at the upper end since the tech layoffs
Posted on 11/21/25 at 7:50 am to NC_Tigah
That skank is going to die a lonely old woman.
Posted on 11/21/25 at 7:54 am to 4cubbies
quote:Inflation is a natural economic element in capitalism. From 1970 to 2008 inflation ran at ~4.6% per year. Post-2008, inflation was unusually low due to slow economic recovery under Obamanomics.
Inflation is dumb
After the 1970s, the Fed spent decades re-anchoring inflation expectations. By the time 2008 hit, Americans expected inflation of ~2% or less, and expectations matter enormously.
When businesses believe inflation will stay low, they don’t raise prices as aggressively — and workers don’t push for large raises. This creates a self-reinforcing low-inflation environment.
Nonetheless, there is obviously a huge difference between current inflation, and that which we saw during the previous administration.
Posted on 11/21/25 at 8:00 am to LB84
quote:Less than 0.5% Forbes - May 2025
That article is 3 and half years old. Wonder what it is now.
Posted on 11/21/25 at 8:14 am to NC_Tigah
If we import the worlds most impoverished at a rate of 25 million every four years, you are going to get wealth disparity and it has zero to do with the opportunities afforded in this country or perceived weaknesses with capitalism.
Its because we have taken on the problems of every single other country's failed communism, socialism, and tribalism.
Its because we have taken on the problems of every single other country's failed communism, socialism, and tribalism.
Posted on 11/21/25 at 8:22 am to NC_Tigah
quote:
Inflation is a natural economic element in capitalism
Right, which is why I said our economy needs inflation. It’s still dumb. I haven’t thought about this deeply and can’t pose a thoughtful argument supporting this but it seems like consumer manipulation.
Posted on 11/21/25 at 8:23 am to 4cubbies
quote:
Right, which is why I said our economy needs inflation
It also needs to be allowed to "lose" at times too, which we then subsidize and screw up the entire concept of "capitalism."
Posted on 11/21/25 at 8:35 am to NC_Tigah
Oh my...
"Needs to be a Christian... but don't take it too seriously... I mean, I don't want to have to go to Church every Sunday"
L M A O.
"Needs to be a Christian... but don't take it too seriously... I mean, I don't want to have to go to Church every Sunday"
L M A O.
Posted on 11/21/25 at 9:08 am to 4cubbies
quote:I don't know that "our economy needs inflation." But insofar as inflation inevitably accompanies economic growth in a fiat system, the alternative isn't great.
Right, which is why I said our economy needs inflation.
Posted on 11/21/25 at 9:15 am to NC_Tigah
quote:
I don't know that "our economy needs inflation."
Good point. This absolutely is debatable (like everything).
A zillion years ago, when I took economics at LSU, my professor told us that our economy needs inflation to encourage people to spend money and discourage them from saving it. We need purchases to keep the economy moving and growing.
quote:
But insofar as inflation inevitably accompanies economic growth in a fiat system, the alternative isn't great.
If the green = periods of deflation, it seems only natural that our economy would continue to experience regular periods of deflation post-1950 but it hasn't. Seems a bit suspect.
Posted on 11/21/25 at 9:29 am to NC_Tigah
quote:
On the other hand, U.S. Americans are overestimating the share of people having to scrape by with less than $25,000 per year. Instead of the perceived 35 percent who earn less than $25,000, the share stood at 18 percent in 2020.
With SNAP reform and job openings from deported illegal aliens, that 18% will likely cut in half soon.
Posted on 11/21/25 at 9:34 am to Mid Iowa Tiger
quote:
I’d say around $175k is like $100k pre-covid.
There are CPI calculators that can tell you what it is. You can not trust it if you want but it says100k in Jan 2020 is 126k today.
Posted on 11/21/25 at 9:36 am to 4cubbies
quote:That boat don't float.
A zillion years ago, when I took economics at LSU, my professor told us that our economy needs inflation to encourage people to spend money and discourage them from saving it. We need purchases to keep the economy moving and growing.
Inflation during the gold standard days was rare. The economy was inherently deflationary -- the product of economic growth and population growth juxtaposed with a relatively fixed gold supply.
Posted on 11/21/25 at 9:40 am to NC_Tigah
quote:
That boat don't float.
never heard this before. I like it.
quote:
Inflation during the gold standard days was rare. The economy was inherently deflationary -- the product of economic growth and population growth juxtaposed with a relatively fixed gold supply.
Now money is just pretend.
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