kadee79
Senior Associate
S.W. Ga., zone 8b, out in the boonies!
Joined: Mar 30, 2011 15:12:55 GMT -5
Posts: 10,795
|
Post by kadee79 on Apr 12, 2022 14:19:39 GMT -5
Sounds good to me... He posted it on facebook.
Robert Reich
about an hour ago
Prices were 8.5 percent higher last month than they were a year ago, the Bureau of Labor Statistics reported this morning — the highest rate of inflation since 1981. The buying power of Americans is being squeezed more and more each day. But the media isn’t telling the full story. Here are the facts about inflation:
1. Corporate profits are at a 70-year high. Yet corporations are raising their prices. 2. They are not raising prices because of the increasing costs of supplies and components and of labor -- which are real but expected when an economy goes suddenly from a pandemically-induced deep freeze to meeting the soaring demands of consumers who are emerging from the pandemic. Corporations enjoying record profits in a healthy competitive economy would absorb these costs. 3. Instead, they’re passing these costs on to consumers in the form of higher prices. In many cases they’re raising prices higher than those cost increases, using the cover of inflation to increase their profit margins even more. 4. They’re doing so because they face little or no competition. If markets were competitive, companies would keep their prices down to prevent competitors from grabbing away customers. 5. Since the 1980s, two-thirds of all American industries have become more concentrated. This concentration gives corporations the power to raise prices because it makes it easy for them to informally coordinate price increases with the handful of other companies in their same industry — without risking the possibility of losing customers, who have no other choice. 6. Corporations are using these near-record profits to boost share prices by buying back a record amount of their own shares of stock. Stock buybacks hit a new record last year. So far this year they’re on track to exceed that record. Stock buybacks are predicted to hit $1 trillion this year – an all-time high. 7. Most American workers have barely had a wage increase in 40 years (adjusted for inflation). Although corporations have recently given out wage increases in response to the post-pandemic surge in demand, these wage increases have been almost completely eroded by price increases. When corporations are enjoying near-record profits, we would expect corporations to pay the higher wages out of their profits rather than to pass them on to consumers in higher prices. But they are not. The labor market is not “unhealthily” tight, as Fed Chair Jerome Powell asserts; corporations are unhealthily fat. Workers do not have too much power; corporations do. 8. As a result of all this, income and wealth are being redistributed upward from average working people (many of whom live from paycheck to paycheck) to CEOs and shareholders, including the wealthiest people in America. Billionaires have become $1.7 trillion richer during the pandemic. CEO pay (based largely on stock values) is now at a record 350 to 1 ratio relative to median pay. 9. Wealthy Americans are now paying a lower tax rate than the working class. Some are paying no taxes at all. 10. Big corporations have accumulated a substantial amount of political power, with which they’ve beaten back lower drug prices, prevented higher corporate taxes, and amassed unprecedented corporate welfare.
In short, although the American economy is rebounding nicely from recession, the growing imbalance of economic power is bad for most Americans and for the economy as a whole.
So, how can we fix this? I have a few ideas:
1. Tougher antitrust enforcement 2. A temporary windfall profits tax 3. Higher taxes on the wealthy and on corporations 4. A ban on corporate buybacks 5. Stronger unions 6. Campaign finance reform to get big money out of politics
None of these solutions are radical. What’s radical is allowing this direct upward redistribution of wealth from the wallets of working Americans to the pockets of corporate executives and shareholders.
What do you think?
|
|
dondub
Senior Associate
The meek shall indeed inherit the earth but only after the Visigoths are done with it.
Joined: Jan 16, 2014 19:31:06 GMT -5
Posts: 12,110
Location: Seattle
Favorite Drink: Laphroig
|
Post by dondub on Apr 12, 2022 17:44:31 GMT -5
Sounds good to me... He posted it on facebook. Robert Reich about an hour ago Prices were 8.5 percent higher last month than they were a year ago, the Bureau of Labor Statistics reported this morning — the highest rate of inflation since 1981. The buying power of Americans is being squeezed more and more each day. But the media isn’t telling the full story. Here are the facts about inflation: 1. Corporate profits are at a 70-year high. Yet corporations are raising their prices. 2. They are not raising prices because of the increasing costs of supplies and components and of labor -- which are real but expected when an economy goes suddenly from a pandemically-induced deep freeze to meeting the soaring demands of consumers who are emerging from the pandemic. Corporations enjoying record profits in a healthy competitive economy would absorb these costs. 3. Instead, they’re passing these costs on to consumers in the form of higher prices. In many cases they’re raising prices higher than those cost increases, using the cover of inflation to increase their profit margins even more. 4. They’re doing so because they face little or no competition. If markets were competitive, companies would keep their prices down to prevent competitors from grabbing away customers. 5. Since the 1980s, two-thirds of all American industries have become more concentrated. This concentration gives corporations the power to raise prices because it makes it easy for them to informally coordinate price increases with the handful of other companies in their same industry — without risking the possibility of losing customers, who have no other choice. 6. Corporations are using these near-record profits to boost share prices by buying back a record amount of their own shares of stock. Stock buybacks hit a new record last year. So far this year they’re on track to exceed that record. Stock buybacks are predicted to hit $1 trillion this year – an all-time high. 7. Most American workers have barely had a wage increase in 40 years (adjusted for inflation). Although corporations have recently given out wage increases in response to the post-pandemic surge in demand, these wage increases have been almost completely eroded by price increases. When corporations are enjoying near-record profits, we would expect corporations to pay the higher wages out of their profits rather than to pass them on to consumers in higher prices. But they are not. The labor market is not “unhealthily” tight, as Fed Chair Jerome Powell asserts; corporations are unhealthily fat. Workers do not have too much power; corporations do. 8. As a result of all this, income and wealth are being redistributed upward from average working people (many of whom live from paycheck to paycheck) to CEOs and shareholders, including the wealthiest people in America. Billionaires have become $1.7 trillion richer during the pandemic. CEO pay (based largely on stock values) is now at a record 350 to 1 ratio relative to median pay. 9. Wealthy Americans are now paying a lower tax rate than the working class. Some are paying no taxes at all. 10. Big corporations have accumulated a substantial amount of political power, with which they’ve beaten back lower drug prices, prevented higher corporate taxes, and amassed unprecedented corporate welfare. In short, although the American economy is rebounding nicely from recession, the growing imbalance of economic power is bad for most Americans and for the economy as a whole. So, how can we fix this? I have a few ideas: 1. Tougher antitrust enforcement 2. A temporary windfall profits tax 3. Higher taxes on the wealthy and on corporations 4. A ban on corporate buybacks 5. Stronger unions 6. Campaign finance reform to get big money out of politics None of these solutions are radical. What’s radical is allowing this direct upward redistribution of wealth from the wallets of working Americans to the pockets of corporate executives and shareholders. What do you think? I support all of that.
|
|
kadee79
Senior Associate
S.W. Ga., zone 8b, out in the boonies!
Joined: Mar 30, 2011 15:12:55 GMT -5
Posts: 10,795
|
Post by kadee79 on Apr 12, 2022 17:47:44 GMT -5
|
|
kadee79
Senior Associate
S.W. Ga., zone 8b, out in the boonies!
Joined: Mar 30, 2011 15:12:55 GMT -5
Posts: 10,795
|
Post by kadee79 on Apr 15, 2022 17:08:09 GMT -5
Abbott is causing prices to go up...yes, a GOPer...cause they 'think' that will help them in 2022....
Warning...the guy in the 2nd twitter is profane...a LOT!
|
|
kadee79
Senior Associate
S.W. Ga., zone 8b, out in the boonies!
Joined: Mar 30, 2011 15:12:55 GMT -5
Posts: 10,795
|
Post by kadee79 on Apr 15, 2022 21:41:52 GMT -5
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Apr 20, 2022 21:24:03 GMT -5
I am shocked you do not denounce Georgia for having Truck weigh station checks on the interstate. Why is that ok, and not checking trucks and trailers coming in from another country carrying God knows what.......
|
|
tallguy
Senior Associate
Joined: Apr 2, 2011 19:21:59 GMT -5
Posts: 14,107
|
Post by tallguy on Apr 20, 2022 23:00:09 GMT -5
I am shocked you do not denounce Georgia for having Truck weigh station checks on the interstate. Why is that ok, and not checking trucks and trailers coming in from another country carrying God knows what....... Seriously??
|
|
irishpad
Well-Known Member
Joined: Aug 14, 2012 20:42:01 GMT -5
Posts: 1,175
|
Post by irishpad on Apr 20, 2022 23:43:32 GMT -5
I am shocked you do not denounce Georgia for having Truck weigh station checks on the interstate. Why is that ok, and not checking trucks and trailers coming in from another country carrying God knows what....... Abbot is clearly doing these EXTRA inspections to slow down the flow of commerce. He is more concerned about political "points" than serving the American and Texan people. Anything to make a Democrat look bad, to hell with doing what is good for the American people.
|
|
scgal
Well-Known Member
Joined: Sept 18, 2020 16:56:48 GMT -5
Posts: 1,280
|
Post by scgal on Apr 21, 2022 6:57:11 GMT -5
Biden may not be responsible for current inflation but he sure as hell not trying to help it.
|
|
dondub
Senior Associate
The meek shall indeed inherit the earth but only after the Visigoths are done with it.
Joined: Jan 16, 2014 19:31:06 GMT -5
Posts: 12,110
Location: Seattle
Favorite Drink: Laphroig
|
Post by dondub on Apr 21, 2022 11:54:12 GMT -5
Biden may not be responsible for current inflation but he sure as hell not trying to help it. What would you suggest? The Fed has started rate increases which is typical inflation fighting behavior.
|
|
scgal
Well-Known Member
Joined: Sept 18, 2020 16:56:48 GMT -5
Posts: 1,280
|
Post by scgal on Apr 21, 2022 12:46:53 GMT -5
Biden may not be responsible for current inflation but he sure as hell not trying to help it. What would you suggest? The Fed has started rate increases which is typical inflation fighting behavior. Yea, the problem is they just started. This administration (usually democrat administrations). Put too many regulations on businesses stifling growth. Why was the keystone pipeline shutdown doesn't make any sense.
|
|
dondub
Senior Associate
The meek shall indeed inherit the earth but only after the Visigoths are done with it.
Joined: Jan 16, 2014 19:31:06 GMT -5
Posts: 12,110
Location: Seattle
Favorite Drink: Laphroig
|
Post by dondub on Apr 21, 2022 12:54:55 GMT -5
What would you suggest? The Fed has started rate increases which is typical inflation fighting behavior. Yea, the problem is they just started. This administration (usually democrat administrations). Put too many regulations on businesses stifling growth. Why was the keystone pipeline shutdown doesn't make any sense. What is it with you dead horse beaters and Keystone. 1900 full time jobs for two years to enable crap Canadian product to plug up our refineries and hen have product sold elsewhere and not utilized here. You decry the ‘just starting’ the fight on inflation but offer nothing in return. Why is that? Are you aware that Big Oil is keeping prices up to scoop windfall profits on the backs of the American people. They have refused Biden’s request to increase production. Does that greed bother you? Should we have a windfall profits tax? Are you aware the economy usually does better under Demo administrations?
|
|
Opti
Community Leader
Joined: Dec 18, 2010 10:45:38 GMT -5
Posts: 39,593
Location: New Jersey
Mini-Profile Name Color: c28523
Mini-Profile Text Color: 990033
|
Post by Opti on Apr 21, 2022 13:13:02 GMT -5
I am shocked you do not denounce Georgia for having Truck weigh station checks on the interstate. Why is that ok, and not checking trucks and trailers coming in from another country carrying God knows what....... Abbot is clearly doing these EXTRA inspections to slow down the flow of commerce. He is more concerned about political "points" than serving the American and Texan people. Anything to make a Democrat look bad, to hell with doing what is good for the American people. An analysis by the Perryman Group showed that the U.S. lost an estimated $8.97 billion in GDP due to delays at the border, while Texas alone lost $4.23 billion. news.yahoo.com/abbotts-border-policy-cost-u-214650405.html?msclkid=59f0d8c7c11c11ec945918f326598f90
|
|
scgal
Well-Known Member
Joined: Sept 18, 2020 16:56:48 GMT -5
Posts: 1,280
|
Post by scgal on Apr 21, 2022 13:28:54 GMT -5
Yea, the problem is they just started. This administration (usually democrat administrations). Put too many regulations on businesses stifling growth. Why was the keystone pipeline shutdown doesn't make any sense. What is it with you dead horse beaters and Keystone. 1900 full time jobs for two years to enable crap Canadian product to plug up our refineries and hen have product sold elsewhere and not utilized here. You decry the ‘just starting’ the fight on inflation but offer nothing in return. Why is that? Are you aware that Big Oil is keeping prices up to scoop windfall profits on the backs of the American people. They have refused Biden’s request to increase production. Does that greed bother you? Should we have a windfall profits tax? Are you aware the economy usually does better under Demo administrations? Getting kind of testy huh? I bet those 1900 workers wished they didn't have to look for work elsewhere. I think corporate tax should be the same as personal tax. As far as inflation i'm not an economist I just know I have always prospered more under an republican administration. Big oil trying to make all the profit they can, well that is the boards fiduciary responsibility. Instead of Biden pleading to increase production how about he makes it easier to produce.
|
|
busymom
Distinguished Associate
Why is the rum always gone? Oh...that's why.
Joined: Dec 25, 2010 21:09:36 GMT -5
Posts: 28,222
Mini-Profile Background: {"image":"https://cdn.nickpic.host/images/IPauJ5.jpg","color":""}
Mini-Profile Name Color: 0D317F
Mini-Profile Text Color: 0D317F
|
Post by busymom on Apr 21, 2022 14:51:32 GMT -5
Yea, the problem is they just started. This administration (usually democrat administrations). Put too many regulations on businesses stifling growth. Why was the keystone pipeline shutdown doesn't make any sense. What is it with you dead horse beaters and Keystone. 1900 full time jobs for two years to enable crap Canadian product to plug up our refineries and hen have product sold elsewhere and not utilized here. You decry the ‘just starting’ the fight on inflation but offer nothing in return. Why is that? Are you aware that Big Oil is keeping prices up to scoop windfall profits on the backs of the American people. They have refused Biden’s request to increase production. Does that greed bother you? Should we have a windfall profits tax? Are you aware the economy usually does better under Demo administrations? Yup, we covered that while I was in college. When you compare GOP & Democratic administrations, the economy normally does much better under the DFL. The current plan of the GOP to block things up, citizens be darned, is rather un-American, don't you think?
|
|
tallguy
Senior Associate
Joined: Apr 2, 2011 19:21:59 GMT -5
Posts: 14,107
|
Post by tallguy on Apr 21, 2022 15:02:59 GMT -5
What is it with you dead horse beaters and Keystone. 1900 full time jobs for two years to enable crap Canadian product to plug up our refineries and hen have product sold elsewhere and not utilized here. You decry the ‘just starting’ the fight on inflation but offer nothing in return. Why is that? Are you aware that Big Oil is keeping prices up to scoop windfall profits on the backs of the American people. They have refused Biden’s request to increase production. Does that greed bother you? Should we have a windfall profits tax? Are you aware the economy usually does better under Demo administrations? Getting kind of testy huh? I bet those 1900 workers wished they didn't have to look for work elsewhere. I think corporate tax should be the same as personal tax. As far as inflation i'm not an economist I just know I have always prospered more under an republican administration. Big oil trying to make all the profit they can, well that is the boards fiduciary responsibility. Instead of Biden pleading to increase production how about he makes it easier to produce. I'm guessing that is a very selective memory process in place. It is difficult to believe it is true when comparing stock market returns by presidential term finds Bill Clinton far in the lead over anyone else since the Depression. Obama is second, by the way. George W. Bush is 2nd-worst only to Hoover, who had the extreme misfortune to take office only months before the market crashed. Additionally, when I did a search several years ago about economic performance by presidential term nine of the top ten since (I think) WWII were Democratic administrations. One of Reagan's terms cracked the top ten, but it was the only Republican presidential term to do so. Tell me again how wonderful Republican administrations are for the economy.
|
|
swamp
Community Leader
Don't be a fool. Call me!
Joined: Dec 19, 2010 16:03:22 GMT -5
Posts: 45,295
|
Post by swamp on Apr 21, 2022 15:24:37 GMT -5
I am shocked you do not denounce Georgia for having Truck weigh station checks on the interstate. Why is that ok, and not checking trucks and trailers coming in from another country carrying God knows what....... The trucks are already checked at the border.
|
|
swamp
Community Leader
Don't be a fool. Call me!
Joined: Dec 19, 2010 16:03:22 GMT -5
Posts: 45,295
|
Post by swamp on Apr 21, 2022 15:26:18 GMT -5
What is it with you dead horse beaters and Keystone. 1900 full time jobs for two years to enable crap Canadian product to plug up our refineries and hen have product sold elsewhere and not utilized here. You decry the ‘just starting’ the fight on inflation but offer nothing in return. Why is that? Are you aware that Big Oil is keeping prices up to scoop windfall profits on the backs of the American people. They have refused Biden’s request to increase production. Does that greed bother you? Should we have a windfall profits tax? Are you aware the economy usually does better under Demo administrations? Getting kind of testy huh? I bet those 1900 workers wished they didn't have to look for work elsewhere. I think corporate tax should be the same as personal tax. As far as inflation i'm not an economist I just know I have always prospered more under an republican administration. Big oil trying to make all the profit they can, well that is the boards fiduciary responsibility. Instead of Biden pleading to increase production how about he makes it easier to produce. They are pipeline construction workers. The nature of their job is to be temporary.
|
|
scgal
Well-Known Member
Joined: Sept 18, 2020 16:56:48 GMT -5
Posts: 1,280
|
Post by scgal on Apr 21, 2022 15:29:08 GMT -5
Getting kind of testy huh? I bet those 1900 workers wished they didn't have to look for work elsewhere. I think corporate tax should be the same as personal tax. As far as inflation i'm not an economist I just know I have always prospered more under an republican administration. Big oil trying to make all the profit they can, well that is the boards fiduciary responsibility. Instead of Biden pleading to increase production how about he makes it easier to produce. I'm guessing that is a very selective memory process in place. It is difficult to believe it is true when comparing stock market returns by presidential term finds Bill Clinton far in the lead over anyone else since the Depression. Obama is second, by the way. George W. Bush is 2nd-worst only to Hoover, who had the extreme misfortune to take office only months before the market crashed. Additionally, when I did a search several years ago about economic performance by presidential term nine of the top ten since (I think) WWII were Democratic administrations. One of Reagan's terms cracked the top ten, but it was the only Republican presidential term to do so. Tell me again how wonderful Republican administrations are for the economy. No selective memory just personal experience. There is more to personal financial prosperity than just stock market. I made money under both administrations. More under republicans thou, I also received higher raises under republicans as well as better job opportunities. When there is a democrat president that usually dries up after the first year. Like I said thou no charts no graphs just my personal experience. I def lean to the right but have voted democrat (last time Bill Clinton)
|
|
dondub
Senior Associate
The meek shall indeed inherit the earth but only after the Visigoths are done with it.
Joined: Jan 16, 2014 19:31:06 GMT -5
Posts: 12,110
Location: Seattle
Favorite Drink: Laphroig
|
Post by dondub on Apr 21, 2022 15:29:54 GMT -5
What is it with you dead horse beaters and Keystone. 1900 full time jobs for two years to enable crap Canadian product to plug up our refineries and hen have product sold elsewhere and not utilized here. You decry the ‘just starting’ the fight on inflation but offer nothing in return. Why is that? Are you aware that Big Oil is keeping prices up to scoop windfall profits on the backs of the American people. They have refused Biden’s request to increase production. Does that greed bother you? Should we have a windfall profits tax? Are you aware the economy usually does better under Demo administrations? Getting kind of testy huh? I bet those 1900 workers wished they didn't have to look for work elsewhere. I think corporate tax should be the same as personal tax. As far as inflation i'm not an economist I just know I have always prospered more under an republican administration. Big oil trying to make all the profit they can, well that is the boards fiduciary responsibility. Instead of Biden pleading to increase production how about he makes it easier to produce. Not “testy” at all so no need to start with the ad hominems. There are plenty of permanent jobs available for the 1900 versus a 1 year gig.. not sure why you brought in corporate taxes but many wealthy individuals pay squat. Average income tax for billionaires is 3.4%. Also, I asked you for specifics steps Biden needed to take to fight inflation and not that you personally did better under Repo-Cons. Why the deflection? If you are going to make what now appears to be a specious claim back it up. As for making it easier to produce: Biden specifically asked for more drilling, they refused, have kept the price of gas artificially high, and have 9000 permits to drill, right now, on Federal lands. Get a clue.
|
|
scgal
Well-Known Member
Joined: Sept 18, 2020 16:56:48 GMT -5
Posts: 1,280
|
Post by scgal on Apr 21, 2022 15:40:41 GMT -5
Getting kind of testy huh? I bet those 1900 workers wished they didn't have to look for work elsewhere. I think corporate tax should be the same as personal tax. As far as inflation i'm not an economist I just know I have always prospered more under an republican administration. Big oil trying to make all the profit they can, well that is the boards fiduciary responsibility. Instead of Biden pleading to increase production how about he makes it easier to produce. Not “testy” at all so no need to start with the ad hominems. There are plenty of permanent jobs available for the 1900 versus a 1 year gig.. not sure why you brought in corporate taxes but many wealthy individuals pay squat. Average income tax for billionaires is 3.4%. Also, I asked you for specifics steps Biden needed to take to fight inflation and not that you personally did better under Repo-Cons. Why the deflection? If you are going to make what now appears to be a specious claim back it up. Like I said i'm not an economist, and won't pretend to be one here. All i'm saying is I personally do better under a republican administration. No deflection. Wow 3.4 percent. If they show 200 mill gain that is 6.8 mill in taxes. How many americans pay zero zilch nada in federal taxes? Hovering around 60%. That is what I call alarming
|
|
tallguy
Senior Associate
Joined: Apr 2, 2011 19:21:59 GMT -5
Posts: 14,107
|
Post by tallguy on Apr 21, 2022 15:55:18 GMT -5
Not “testy” at all so no need to start with the ad hominems. There are plenty of permanent jobs available for the 1900 versus a 1 year gig.. not sure why you brought in corporate taxes but many wealthy individuals pay squat. Average income tax for billionaires is 3.4%. Also, I asked you for specifics steps Biden needed to take to fight inflation and not that you personally did better under Repo-Cons. Why the deflection? If you are going to make what now appears to be a specious claim back it up. Like I said i'm not an economist, and won't pretend to be one here. All i'm saying is I personally do better under a republican administration. No deflection. Wow 3.4 percent. If they show 200 mill gain that is 6.8 mill in taxes. How many americans pay zero zilch nada in federal taxes? Hovering around 60%. That is what I call alarming I am not going to argue your personal experience. You may be an outlier, and statistics always allows for outliers. I will suggest that you refrain from generalizing and thinking that everyone else's experience is or should be the same as yours, and that the causes are the same. That will lead you into making assertions that are contrary to fact, and people will and do get busted here for making assertions that are contrary to fact. Democratic administrations ARE better for the economy than Republicans, in general. Democratic administrations ARE better for the stock market than Republicans. Again, in general. Those are facts, and your anecdotal experience does not change them.
|
|
dondub
Senior Associate
The meek shall indeed inherit the earth but only after the Visigoths are done with it.
Joined: Jan 16, 2014 19:31:06 GMT -5
Posts: 12,110
Location: Seattle
Favorite Drink: Laphroig
|
Post by dondub on Apr 21, 2022 16:51:16 GMT -5
Not “testy” at all so no need to start with the ad hominems. There are plenty of permanent jobs available for the 1900 versus a 1 year gig.. not sure why you brought in corporate taxes but many wealthy individuals pay squat. Average income tax for billionaires is 3.4%. Also, I asked you for specifics steps Biden needed to take to fight inflation and not that you personally did better under Repo-Cons. Why the deflection? If you are going to make what now appears to be a specious claim back it up. Like I said i'm not an economist, and won't pretend to be one here. All i'm saying is I personally do better under a republican administration. No deflection. Wow 3.4 percent. If they show 200 mill gain that is 6.8 mill in taxes. How many americans pay zero zilch nada in federal taxes? Hovering around 60%. That is what I call alarming No deflection? That’s funny considering it’s all you’ve done. You gone into regulations, taxation, both corporate and personal, that you do better under Repo-Cons unlike everybody else. Not ONE item pertaining to your original claim about Biden and inflation. And saying you’re not an economist doesn’t matter. You made the claim...go ahead and admit you really didn’t know what you were talking about.
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 74,875
Mini-Profile Background: {"image":"","color":"000307"}
|
Post by djAdvocate on Apr 22, 2022 7:16:47 GMT -5
Not “testy” at all so no need to start with the ad hominems. There are plenty of permanent jobs available for the 1900 versus a 1 year gig.. not sure why you brought in corporate taxes but many wealthy individuals pay squat. Average income tax for billionaires is 3.4%. Also, I asked you for specifics steps Biden needed to take to fight inflation and not that you personally did better under Repo-Cons. Why the deflection? If you are going to make what now appears to be a specious claim back it up. Like I said i'm not an economist, and won't pretend to be one here. All i'm saying is I personally do better under a republican administration. No deflection. Wow 3.4 percent. If they show 200 mill gain that is 6.8 mill in taxes. How many americans pay zero zilch nada in federal taxes? Hovering around 60%. That is what I call alarming you are in an extreme minority. Democratic presidents have far better economics than their Republican counterparts. it is a lot of bandwidth to discuss this, so i am going to start another thread. i welcome your input.
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Apr 24, 2022 10:51:34 GMT -5
|
|
Opti
Community Leader
Joined: Dec 18, 2010 10:45:38 GMT -5
Posts: 39,593
Location: New Jersey
Mini-Profile Name Color: c28523
Mini-Profile Text Color: 990033
|
Post by Opti on Apr 24, 2022 10:56:35 GMT -5
Was this supposed to be in this thread about Reich's take on inflation?
|
|
billisonboard
Community Leader
Joined: Dec 20, 2010 22:45:44 GMT -5
Posts: 37,386
Member is Online
|
Post by billisonboard on Apr 24, 2022 11:20:29 GMT -5
Was this supposed to be in this thread about Reich's take on inflation? Perhaps it is because $35.2 million is a 12% higher cost than the same amount of the drug last year.
|
|
billisonboard
Community Leader
Joined: Dec 20, 2010 22:45:44 GMT -5
Posts: 37,386
Member is Online
|
Post by billisonboard on Apr 24, 2022 11:32:02 GMT -5
To be fair, I do see that kadee79 did add Abbott to the thread topic.
|
|
billisonboard
Community Leader
Joined: Dec 20, 2010 22:45:44 GMT -5
Posts: 37,386
Member is Online
|
Post by billisonboard on Apr 24, 2022 11:40:16 GMT -5
Interesting. I read how targeted inspections resulted in a drug seizure, i.e. success. Compared to: Texas Gov. Greg Abbott's order imposing safety inspections on trucks crossing the border from Mexico inflicted billions of dollars in U.S. trade losses — ... ... The inspections by the state's Department of Public Safety resulted in "zero apprehensions" but vastly increased wait times at the border, Texas Public Radio reports. link
|
|
NastyWoman
Senior Associate
Joined: Dec 24, 2010 20:50:37 GMT -5
Posts: 14,233
|
Post by NastyWoman on Apr 24, 2022 15:01:20 GMT -5
What is it with you dead horse beaters and Keystone. 1900 full time jobs for two years to enable crap Canadian product to plug up our refineries and hen have product sold elsewhere and not utilized here. You decry the ‘just starting’ the fight on inflation but offer nothing in return. Why is that? Are you aware that Big Oil is keeping prices up to scoop windfall profits on the backs of the American people. They have refused Biden’s request to increase production. Does that greed bother you? Should we have a windfall profits tax? Are you aware the economy usually does better under Demo administrations? Getting kind of testy huh? I bet those 1900 workers wished they didn't have to look for work elsewhere. I think corporate tax should be the same as personal tax. As far as inflation i'm not an economist I just know I have always prospered more under an republican administration. Big oil trying to make all the profit they can, well that is the boards fiduciary responsibility. Instead of Biden pleading to increase production how about he makes it easier to produce. Interesting considering that the country for a long time now has done better economically under Democratic administrations
|
|