15th May 2022, 9:03 PM
(This post was last modified: 15th May 2022, 9:05 PM by A Black Falcon.)
Yeah, that was a pretty good episode. Inflation's tough, and I am definitely not an economist so I don't know the answer. But "we can't do THAT, it might hurt the rich" is certainly not a helpful response, more must be done to slow it down.
Also, things like oil companies reporting record profits because they haven't lowered prices after their costs dropped after the big Ukraine war-related surge MUST be pointed out and strongly criticized until this changes. That's really, really bad.
On a mostly unrelated note...
https://www.nytimes.com/2022/05/14/opini...-data.html
I've seen some people on the internet mocking this, and for good reason. This New York Times opinion columnist is shocked to learn that ... people who own car dealerships and beverage distribution companies are wealthy millionaires. Somehow they had not considered this before. I assume that they think that anyone not a billionaire or a wealthy brown person is "middle class" or something? It makes very little sense. The rest of the article is not nearly as dumb as that, but still. Come on...
Also, things like oil companies reporting record profits because they haven't lowered prices after their costs dropped after the big Ukraine war-related surge MUST be pointed out and strongly criticized until this changes. That's really, really bad.
On a mostly unrelated note...
https://www.nytimes.com/2022/05/14/opini...-data.html
Quote:The study didn’t tell us about the small number of well-known tech and shopping billionaires but instead about the more than 140,000 Americans who earn more than $1.58 million per year. The researchers found that the typical rich American is, in their words, the owner of a “regional business,” such as an “auto dealer” or a “beverage distributor.”
This shocked me. Over the past four years, in the course of doing research for a book about how insights buried in big data sets can help people make decisions, I read thousands of academic studies. It is rare that I read a sentence that changes how I view the world. This was one of them. I hadn’t thought of owning an auto dealership as a path to getting rich; I didn’t even know what a beverage distribution company was.
I've seen some people on the internet mocking this, and for good reason. This New York Times opinion columnist is shocked to learn that ... people who own car dealerships and beverage distribution companies are wealthy millionaires. Somehow they had not considered this before. I assume that they think that anyone not a billionaire or a wealthy brown person is "middle class" or something? It makes very little sense. The rest of the article is not nearly as dumb as that, but still. Come on...