why is the cure for inflation to rase loan rates why not tax the top 10% instead (Page 1/8)
ray b NOV 06, 11:33 AM
loan rates hit the worker for their home car and CC loans
but the little guy who very likely also has bad to moderate credit ratings
pays the most on the least but never has any effect on the inflation

the rich guy seldom pays interest on a loan they mostly loan the money or invest in the bank that loans
so any interest rate HIKE PAYS THE RICH and robs the poor and workers
while the rich are the ones setting and hiking prices to keep their profits high

raygun cut taxes and we had bad inflation the fed hiked TO THE SKY rates and the inflation got worse
AKA THE GUSH UP that really did happen while the trickle down failed COMPLETELY

SO RAISE THE RATES THE POOR GET SCREWED AND THE RICH GET RICHER
AND THE INFLATION GET WORSE
AND IT GIVES MORE MONEY TO THE 10% WHILE ROBBING THE WORKERS


AND BTW the rumps tax cuts and giveaways esp the gifts to the CORP RATS AND OTHER BIZ INTERESTS
WERE THE EXACT START OF THE INFLATION
MidEngineManiac NOV 06, 11:55 AM
Same reason the good hunters and fishers eat well, and the inept or incompetent or unwilling don't.

Here is an idea for the all the lefties.

Instead of whining and crying and wanting somebody else to pay for the Versache's and Laurens or iCrap....get off your azz and find a way to get them yourselves, if that what you want.

Or change priorities. $30 Walmart running shoes or jeans work the same way and are just as comfortable as $300 brands. WOW, look at that. Ya just made/saved $270 bucks. If ya's REALLY just MUST have the brands, thrift shops sell them at a fraction of the retail price.

Dont come whining and crying when ya are a moron throwing tons of money at a label.

[This message has been edited by MidEngineManiac (edited 11-06-2022).]

ray b NOV 06, 12:15 PM
and how does this hard work cure or reduce inflation in the slightest ?

the topic is not the propaganda of the rightwing DOGMA

but stopping inflation

i SEE A WAY BY RAISING TAXES ON THE PEOPLE WHO INFLATE PRICES
or at a minimum get the BIG GAINS from it

current system just attacks the workers no the root cause
williegoat NOV 06, 01:41 PM
If you "tax the rich", prices will go up and wages will stagnate. I'm sure you will remember the line:
"tax the rich, feed the poor, till there are no rich no more"
Then who are you going to tax?

We have inflation because the Biden regime chose to create dollars out of thin air.
There is only so much "stuff" in the world. The amount of dollars is equal to the amount of "stuff". If you create more dollars, it takes more dollars to buy the finite amount of "stuff".
I think I learned that on Sesame Street.



Actually, I am the Captain Kangaroo generation, but you get the idea.

[This message has been edited by williegoat (edited 11-06-2022).]

RWDPLZ NOV 06, 02:05 PM
They're not trying to solve inflation, they're trying to get the serfs in-line, and go back to working the millions of minimum wage jobs openings. All the money deadbeats saved by not paying rent during the eviction moratorium is running out faster than ever, meaning they will exhaust their savings and be forced back to work. They're not solving the problem because they have no interest in solving it.
williegoat NOV 06, 02:10 PM

quote
Originally posted by RWDPLZ:

They're not trying to solve inflation, they're trying to get the serfs in-line, and go back to working the millions of minimum wage jobs openings. All the money deadbeats saved by not paying rent during the eviction moratorium is running out faster than ever, meaning they will exhaust their savings and be forced back to work. They're not solving the problem because they have no interest in solving it.


This is the truth.

If the Dems solve problems, they will not have anything to scare you with. They will have nothing to blame the Republicans for. They would have to just shut up and go away.
MidEngineManiac NOV 06, 02:12 PM

quote
Originally posted by williegoat:

They would have to just shut up and go away.



We can all dream of good things.....

ray b NOV 06, 02:45 PM
the system is huge and no one act by one person can do much

but lots of little events over time do have a result

the world wide fear and funding of the cv-19 created the push to inflation

joe did not cause the china over built problems
or the euro/pound ratio to change their inflation rates

putin did a bit with the cheap oil vs Saudi price war
and then real war in the U

or the bit coin crash
they all did a little

point is NOW WHAT ?

is there a better idea then rates on loans to the damm banks ?
as I say that is the very worse idea and give the 1% toooo much
MidEngineManiac NOV 06, 02:52 PM
You aint going to change the world or "the system". The 1% have been the same all through history.

All you can do is change yourself, adapt to the "new reality" and forget the idea of going back to the way things used to be. The days when a regular working guy could afford a new car or truck every few years, a 4-bedroom McMansion with 2-storey entryway and spiral staircase, and support a family all at the same time on the paycheque are LONG gone, and they aren't coming back.

Not that long ago (under 15 years), I USED to pay $775 for a 3-bedroom house, shop building, garage, private pond, and more land than I knew what to do with. USED TO. If I want the same place today I am coughing up $5k/mo for it.

That's just reality. No sense crying about it.

[This message has been edited by MidEngineManiac (edited 11-06-2022).]

williegoat NOV 06, 03:53 PM

quote
Originally posted by ray b:

the system is huge and no one act by one person can do much


Except Trump, right? He just ruined everything.

Oh, oh and Nixon. He was president for the last 11 months of 1969, but was so powerful that he managed to ruin the entire decade, including the 109 months before he took office. You know, because LBJ did such a great job that Nixon had to work really hard to single handedly destroy the American spirit.