When it comes to election time, remember this. In fact, start writing a list if you haven’t done so already of all the shitty things the Tories say and do.
And when you go to vote and there is a Tory there asking who you are voting for, because I guarantee there will be one, read it out to them and then tell them to piss off.
They want to make you poorer to protect the wealthy. The idea this fellow has is that higher wages makes more spending which drives more inflation, especially within the constraints of current supply chain bottlenecking. What they miss is that they could offset the increase in money supply by taxing corporations.
It seems like he is unaware of how inflation works.
First of all that 10% will not go down even if inflation goes to 0% next year. Not like things are going to become cheaper again.
Second of all if next year’s inflation is a mere 3%, that 3% is still cumulative including this year’s 10%, so 3.3% real inflation. So let’s say you have one year of 10% inflation and 4 years of 3%. You are actually having a 4.76% inflation over those 5 years. Inflation is not going to suddenly drop off a cliff if things go back to normal…
Rickyspanish33 says
It’s ok for companies to charge more for goods but let’s not go overboard with ensuring the workers can afford those goods
Bokbreath says
Tell me again who the nation is serving ?
IknowRambo says
This shit is getting ridiculous. The companies don’t give a shit about us. Just spending billions to race each other out of the atmosphere.
ASK_IF_IM_PENGUIN says
When it comes to election time, remember this. In fact, start writing a list if you haven’t done so already of all the shitty things the Tories say and do.
And when you go to vote and there is a Tory there asking who you are voting for, because I guarantee there will be one, read it out to them and then tell them to piss off.
DaisyBeeBloomin says
They want to make you poorer to protect the wealthy. The idea this fellow has is that higher wages makes more spending which drives more inflation, especially within the constraints of current supply chain bottlenecking. What they miss is that they could offset the increase in money supply by taxing corporations.
cowvin says
Weird how corporate profits are going up faster than inflation, though.
mochi_crocodile says
It seems like he is unaware of how inflation works.
First of all that 10% will not go down even if inflation goes to 0% next year. Not like things are going to become cheaper again.
Second of all if next year’s inflation is a mere 3%, that 3% is still cumulative including this year’s 10%, so 3.3% real inflation. So let’s say you have one year of 10% inflation and 4 years of 3%. You are actually having a 4.76% inflation over those 5 years. Inflation is not going to suddenly drop off a cliff if things go back to normal…
Eric1969 says
When corporations make more money they call it growth. When people make more money they call it inflation.