Loading ...What is MORE important than bringing costs down, is to get income and profits UP for the low end person and small business. Or a deflation will take hold, and THAT is what is trying to happen, and TPTB are fighting AGAINST that.
They are so stupid, and can’t bring themselves to do it, raise wages, because the situation went on so long they can’t now abruptly CHANGE the situation. They should have thought of this when they started UNDER REPORTING the inflation rate after 1971.
Telling us it was 2% when it was running 7.5%. So corporations stuck to 2% every few years. Not even every year. Soc. Sec. too. If you were a Suffolk county cop or Amityville cop tax absorber you got your 10% a year. They get between $175k and $200k for 2 square miles. They started under $10k in the ’70s.