83% of Americans Are Belt Tightening Due to Inflation Pressures

Re:83% of Americans Are Belt Tightening Due to Inflation Pre... by markkanof on Wednesday May 26, 2021 @02:34PM (#27294342)

Or even just stop giving the rich money that is taken from regular people. The money may not be directly taken from us, but printing money causes inflation, which is not really different from taking money in the form of taxes. At the end of the day all of us regular people still have less purchasing power.

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Re:83% of Americans Are Belt Tightening Due to Inflation Pre... by lainga on Wednesday May 26, 2021 @02:38PM (#27294382)

Well printing it and putting it into circulation causes inflation. If you give Bill Gates $1Tn and he hides it under his mattress, that does not cause inflation.

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Re:83% of Americans Are Belt Tightening Due to Inflation Pre... by toomuchtodo on Wednesday May 26, 2021 @02:48PM (#27294515)

If Bill takes it and buys more farmland, that does cause trickle down inflation (depending on lease rates charges for farming).

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Re:83% of Americans Are Belt Tightening Due to Inflation Pre... by lainga on Wednesday May 26, 2021 @02:55PM (#27294592)

yes, but that's putting it into circulation, isn't it?

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