Under Democratic Policies The Rich Get Richer

[bendog]

How do higher interest rates lower inflation?

Higher rates make middle class purchased more expensive, and that phenomenon tends to cause the middle class to buy less shit, which tends to make sellers sell less shit, which eventually causes prices to fall.

But obviously the Fed hasn't got any handle on commodities (stuff like food and mined minerals) and housing.

So, perhaps Milton Friedman didn't have it all figured out. (There are still Friedman videos on youtube if you've any interest in monetary theory and economics)

 

[alang1216]

and the poor get poorer. Every time the left try to work on wealth inequality, social justice and the like, it backfires. Voters are certainly noticing this under Biden and are willing to hold their noses and vote for Trump. Here is the proof:

The Fed are mostly independent of politics and do not answer directly to either party. The old adage is true, the rich get richer. Most of the Trump tax cuts went to the rich as I recall.

 

[leftwinger]

Tax revenues increased after the Republican tax cuts, but for a very small drop during Covid.

Jobs increased, Businesses boomed, real sustainable growth was occurring. Good jobs, good industries were returning to America. Not just BS GOVT spending like Obiden 1.0. Everyone with 100 IQ should know all of this.

 

[elektra]

Higher rates make middle class purchased more expensive, and that phenomenon tends to cause the middle class to buy less shit, which tends to make sellers sell less shit, which eventually causes prices to fall.

But obviously the Fed hasn't got any handle on commodities (stuff like food and mined minerals) and housing.

So, perhaps Milton Friedman didn't have it all figured out. (There are still Friedman videos on youtube if you've any interest in monetary theory and economics)

I understand that rising prices are symptoms to a problem.

 

[elektra]

Most of the Trump tax cuts went to the rich as I recall.

In a sense? The rich democrats make the most money so it makes a little sense, what you are saying. My taxes went down, everybody's taxes went down

 

[leftwinger]

The Fed are mostly independent of politics and do not answer directly to either party. The old adage is true, the rich get richer. Most of the Trump tax cuts went to the rich as I recall.

More hogwash you dumb OX. President Trump had no upper bracket reduction planned. But when Piglousy & Upchuck phones began to light up from Coastal Elites about the $10K SALT cap……they crammed it in. Trump had little choice. He was only one fighting 535. Nothing would ever get done if he played their BS games.

 

[Crepitus]

Democratic policies led us to higher inflation.

Nope. a world wide pandemic led to supply chain disruptions, strange peaks and valleys in demand, and them the megacorps realized they had the perfect excuse to hike prices.

Joe Biden kept the inflation here lower than almost anywhere else in the world.

You should be thanking him.

 

[Crepitus]

How do higher interest rates lower inflation?

By suppressing demand.

Come on kids, this is econ 101 here.

 

[bendog]

I understand that rising prices are symptoms to a problem.

and you have no clue as to the cause of the problem. Anyone can access Friedman on youtube, and purchase a fairly inexpensive used copy via amazon or some other vender.

Principles of Economics (Mankiw book) - Wikipedia

en.wikipedia.org

 

[Independent thinker]

The Fed are mostly independent of politics and do not answer directly to either party. The old adage is true, the rich get richer. Most of the Trump tax cuts went to the rich as I recall.

Tax cuts went to many. Of course the more taxes you pay and you get a tax cut, it is bigger than those who pay less taxes. That's just how it works. But, under Trump, more people pay zero federal taxes than they did before. And, tax revenues increased under the tax cuts so lefties claiming they didn't is a complete lie.

 

[Papageorgio]

and the poor get poorer. Every time the left try to work on wealth inequality, social justice and the like, it backfires. Voters are certainly noticing this under Biden and are willing to hold their noses and vote for Trump. Here is the proof:

US consumers show the Fed its backward problem with high rates: Morning Brief

Consumer confidence rebounded in May, but there are signs this data is being driven by wealthier consumers enjoying the spoils of high rates, presenting a new challenge for the Fed.

finance.yahoo.com

Democratic Party members won’t believe it, the biggest exchange from poor to rich was under a Democratic Party President. Democrats vote against their best interests.

 

[Independent thinker]

Jobs increased, Businesses boomed, real sustainable growth was occurring. Good jobs, good industries were returning to America. Not just BS GOVT spending like Obiden 1.0. Everyone with 100 IQ should know all of this.

Lefties just don't understand that business tax cuts led to more jobs, which led to more taxes being paid not only by the workers but by the businesses themselves.

 

[Independent thinker]

Nope. a world wide pandemic led to supply chain disruptions, strange peaks and valleys in demand, and them the megacorps realized they had the perfect excuse to hike prices.

Joe Biden kept the inflation here lower than almost anywhere else in the world.

You should be thanking him.

Nope. Democrats locked down the country due to the pandemic, which led to all of that (other countries followed suit). Then the botched Afghanistan withdrawal led to Russia invading Ukraine, which also caused more inflation. Then democrats added substantially more onto our national debt and raised wages sharply all over, all of which increased inflation.

 

[Crepitus]

Nope. Democrats locked down the country due to the pandemic, which led to all of that (other countries followed suit). Then the botched Afghanistan withdrawal led to Russia invading Ukraine, which also caused more inflation. Then democrats added substantially more onto our national debt and raised wages sharply all over, all of which increased inflation.

All the other countries locked down because we did?

And who was president when the first lockdowns started?

Let's try to retain at least a nodding contact with reality here please.

 

[JackOfNoTrades]

and the poor get poorer. Every time the left try to work on wealth inequality, social justice and the like, it backfires. Voters are certainly noticing this under Biden and are willing to hold their noses and vote for Trump. Here is the proof:

US consumers show the Fed its backward problem with high rates: Morning Brief

Consumer confidence rebounded in May, but there are signs this data is being driven by wealthier consumers enjoying the spoils of high rates, presenting a new challenge for the Fed.

finance.yahoo.com

Except this whole "rich getting richer" has been going on since Reagan was elected.
What is it you think Trump is going to do for the poor and downtrodden....answer...same as everyone else before him did.

 

[JackOfNoTrades]

Nope. Democrats locked down the country due to the pandemic, which led to all of that (other countries followed suit). Then the botched Afghanistan withdrawal led to Russia invading Ukraine, which also caused more inflation. Then democrats added substantially more onto our national debt and raised wages sharply all over, all of which increased inflation.

No. Republican and Democrat governors, mayors and business leaders had to make the tough calls in the wake of no leadership out of Trump and his crew. You do remember that Trump added more than 3T to our deficit when he was king...erm..President. ...right?

 

[Independent thinker]

All the other countries locked down because we did?

And who was president when the first lockdowns started?

Let's try to retain at least a nodding contact with reality here please.

Fauci and the democrats locked down our country. Funny how you guys can say in one breath that the US needs to lead in Climate Change in order to get the rest of the world to follow suit and then turn right around and say the US has no influence on other countries.

 

[Papageorgio]

Except this whole "rich getting richer" has been going on since Reagan was elected.
What is it you think Trump is going to do for the poor and downtrodden....answer...same as everyone else before him did.

Yep, that is why we need real change and not another Democrat or Republican, they have been in charge and have ruined a great nation. We need real change and get rid of the two party monopoly.

 

[Crepitus]

Fauci and the democrats locked down our country.

Who was president?

 

[JackOfNoTrades]

Fauci and the democrats locked down our country. Funny how you guys can say in one breath that the US needs to lead in Climate Change in order to get the rest of the world to follow suit and then turn right around and say the US has no influence on other countries.

No..they didn't. My how quickly the alt-right forgets...convenient. Just in time for Skippy to make another run at the White House and have a chance to fuck this country over again.