Current Events > We could really use another stimulus right now

(+) Yeah! (+)

Thats true too but a stimulus check here and there can hold us off until we figure out the real solution

Had postes this 2 hours ago.

Dan please explain

Raise eligibility to $110000 earned due to inflation

Wages will always lag behind inflation because wages are sticky. Once wages increase they don't really go back down. Most prices are not sticky. So as inflation rages on, wages will be behind. Its always been like that.

And why is inflation high? As explained by my previous post. Stimulus will simply worse that.

The other factor is that there was mass retirement of boomers over the last few years. The economy lost alot of workers. Thats part of why theres so many job openings. Like I said, 11 mil openings, 5mil unemployed right now, and new job hires = 7.7% inflation which beats the latest CPI numbers.

FED wants unemployment to REDUCE inflation

"corporate propaganda" is all you guys can come up with.

Zero substance. The only "evidence" of anything is a dumbass tweet". This is just comedy at this point. Are you guys even trying?

Yea, they do. Thats why 3 posts ago I said the only solution is a major crash. Its extremely hard to raise unemployment right now because theres so many damn job openings and people are still spending like crazy.

Workers are also making "record wages"

Wrong.

The solution is tax corporate profits

Bet you don't even know what PPP loans are

Which will never happen under reps or dems anytime soon. Not even in their radar as a possible solution.

The solution is tax corporate profits

That is actually a good solution and will work. because businesses will make less profits, they'll hire less workers, business growth will slow down, layoffs will start, unemployment will rise, people will spend less money, prices will have to be lowered to stay afloat, and the whole system would essentially reset.

But there is no getting rid of inflation without increasing unemployment and decreasing wage growth.

The more money you inject into the economy, the worse inflation gets. hence why stimulus = bad.

Did you not know a bunch of layoffs had happened but corps kept record profits and boosted bonuses to execs?

Why that wont happen is because it will hurt the economy and that will make biden look bad. Its all politics. And corporate taxes comes from the federal government not the fed.

If you can't understand those simple concepts that its not worth me explaining any more to you. Again these are like middle-school, maybe highschool economics level concepts.

That is actually a good solution and will work. because businesses will make less profits, they'll hire less workers, business growth will slow down, layoffs will start, unemployment will rise, people will spend less money, prices will have to be lowered to stay afloat, and the whole system would essentially reset.

But there is no getting rid of inflation without increasing unemployment and decreasing wage growth.

The more money you inject into the economy, the worse inflation gets. hence why stimulus = bad.

So I proved you wrong by your own admission and now you have to dip out to save face?

I said: tax Corp profit reduce inflation

You said:
Yes that works!

Then you said:
They won't do that though cause it hurts the economy.

Yet you said at first stimulus hurts the economy by causing inflation.

Yet taxing corps, which reduces inflation by your own admission, you claim hurts the economy.

Which is it?
Inflation bad
But also good?

I for one know that I am still spending the $1,800 I received in stimulus money from 2 years ago.

Just bought a new car and a condo with some of it. Think I'll use some soon to buy a Burberry suit.

Tell me you dont know the difference between the Fed and the federal government without telling me you dont know the difference between the fed and the federal government.

1. Dan Haren: Inflation is bad for the economy! We can't do stimulus because it causes inflation!!!
2. Me: ok so we can tax corporate profits
3. Dan Haren: Yes that will combat inflation but is bad for the economy!

Dan_Haren- posted... Theres a huge inflation problem that is not going away.

WingsOfGood posted...
The solution is tax corporate profits

That is actually a good solution and will work. because businesses will make less profits, they'll hire less workers, business growth will slow down, layoffs will start, unemployment will rise, people will spend less money, prices will have to be lowered to stay afloat, and the whole system would essentially reset.

Why that wont happen is because it will hurt the economy and that will make biden look bad. Its all politics. And corporate taxes comes from the federal government not the fed.