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High Taxes cause inflation
everything costs more..with NO contribution in productivity …Government employees cause inflation because they dont pay taxes ..Who gives them the money to pay taxes ? it dosent come from productive labor.. If someone gives you the money to make it look like you pay taxes ..are you paying taxes ? Who gives it to them ? Its impossible for them to pay taxes they produce nothing anyone is freely willing to pay for .Government simply redistributes money it takes from the PRODUCTIVE sector .If you produce nothing you cant be taxed !
Only Government can cause inflation because IT cant be taxed .It produces nothing .but WARS and thats the biggest tax of all because it destroys the means of production.
Mr.Copper @ 18:16
We’ve been getting effed for quite some time. Standard of living going down for most except the top percentage … and a lot of that comes from paper games not real or creative work. IMO
@ ipso facto re Wages
Before 1970 wives didn’t have to work. Because wages lagged inflation, for decades wives had to start working. Now even two earners are just getting by. I have an accountant relative. that told me $100k per year living paycheck to paycheck, just getting by. Middle class pay today? Is at least $200k. Even more if wife is home with kids, and you need to send them to college. Also because of lagging wages, a new car loan is 6 years. We were kids making $1.50 – $2/hr buying new muscle cars with 3 year loans. I think the minimum wage was equal to 9 loaves of bread per hour. Five gallons of gas per hour. Six months of pay was half a new car.
“Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity…
And what rough Beast, its hour come ’round at last,
Slouches towards Bethlehem to be born?”
W. B. Yeats, The Second Coming, 1919
How many are CCP operatives?
Border Patrol Encounters With Chinese Nationals At Southern Border Up 719 Percent
Mr.Copper
If higher wages don’t contribute to inflation let’s give everyone a million dollar raise and we’ll all be wealthy.
@ ipso facto re your 7% increase in wages every year cause higher inflation?
No, never believe that, wages don’t cause inflation. Creating money out of thin air and lending it out with low rates causes inflation. Wages try to keep up with inflation. The gov’t under reports the inflation rate. Like 2% is common. So if you are non union the boss gives you 2% raise. Social security and min wage hikes were too low for 50 years. The lack of inflation in wages gives gave us more working poor people that are a burden on taxpayers.
Tax absorbers are the best off. They pay taxes to themselves like teachers for example. And cops. We have $200k per annum cops around me. Property taxes are so high, the State Gov’t announced they are giving long island schools hundreds of millions of dollars. Thats welfare to property owners. Or taxes would go even higher. Low profits because foreign competition, provide lower wages which in turn provide below needed tax receipts. Hense $32 trillion national debt.
Nothing matters anymore anyway.
A lot of silver miners up today …
exk, paas, fsm, hl, cde, ag, isvlf, dollf,
old-timer @ 14:56
That’s great! She probably saved a lot of lives and vaccine injuries.
Mr.Copper @ 14:47
Wouldn’t a 7% increase in wages every year cause higher inflation?
If they just used honest money there would be no inflation … be a lot less wars too!
old-timer
Wow the worm really is turning…..they almost reopened the camps and fired up the ovens in Germany, at one stage…..
@ ipso facto re all the nonsense
My view for decades, is that the United States has been treated and like a carcass, for the rest of the world to feed off of. Thats why I am so anti import. The only way we could have avoided this disaster was after 1970 to have a smart patriotic media that leads and advises the public to worship domestic production and maintain a minimum wage 7% increase every year. No smoking and seat belts was the only good things.
A slice of Pizza is the best way to calculate the inflation rate. Its basic, no robotics of gov’t support involved. So from .15 cents in 1970 to to $3.15 cents today is 7% per annum. If you want to use .25 cents a slice it comes out to 6.5% per annum inflation rate.
Are we this far off the path?
Rhode Island Bill Would Make It Possible For Illegal Immigrants To Vote
Rhode Island Bill Would Make It Possible For Illegal Immigrants To Vote
Buygold
nipped out for a while and it seems the scum are deadly serious about not letting PM’s reflect the raging CPI…..my good lady says all our essentials are steaming up in price…..
I doubt we can overcome them today….this is no limit selling.
I’m afraid
Our fortunes are directly tied to the big giant algorithm in the sky…
Just don’t know what’s going to break that bond…..
We need some mojo
but a nice comeback would be fine instead…
SLV goes green
is there a chance?
They’ve got NEM cornered.
Kunstler
War of the Worlds
Didn’t you get the feeling this weekend that we’re living in HG Wells’ classic tale of the earth invaded by sinister alien spacecrafts? Our government is playing the story like a bassoon concerto. “American officials do not know what the objects were, much less their purpose or who sent them,” The New York Times reported, poaching a line from every horror movie of the 1950s. When do the giant ants show up on Fremont Street in Las Vegas?
Looks like they’ll keep up the suspense as long as possible, too. Oh, we can’t retrieve that thing up in Alaska due to white-out weather conditions… Oh, that other thing — the eight-sided silver tic-tac — it fell into Lake Huron, glug glug… and that first one, the big balloon payload, lies deep in Davy Jones’ Locker now. You’ll have to stand by, folks….
Let’s face it, all the other mindfucks set in motion by the folks-in-charge are not just losing their mojo — they’re generating a lot of nasty blow-back in the way of widespread distrust of authority and institutional collapse. Even Woked-up Democrat voters begin to suspect that the vaxxes they greeted like a holy deliverance might not be so good for you after all. I’m waiting for Rob Reiner’s head to explode when he starts to notice how many young SAG-AFTRA members are waking up dead in West Hollywood.
Our President is a saboteur. The SPR is not there to manipulate voters.
The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, with deliveries estimated to happen between April and June. 🧐
After this latest release, the reserve will dip to about 345 million barrels. 😮 pic.twitter.com/QA2mLoMAeS
— Wall Street Silver (@WallStreetSilv) February 13, 2023
Spoke too soon
Rates now up a couple blips and dragging the dollar with it.