The problem isn't inflation. It's prices. What goes up may not come down

Re:The problem isn't inflation. It's prices. What goes up ma... by wredue on Wednesday November 08, 2023 @12:15PM (#38193569)

Let me assure you that people not understanding extremely basic economics come from all walks of life.

In fact, I was just listening to a random, she must’ve been 60 year old woman and her mother in a waiting room rant about “how is prices going up with inflation going down”.

I’ve been working for 20 odd years now and still have coworkers who started the day I did rant “these fucking forced union wage increases! Don’t they know that I’ll hit a new tax bracket and then take home less money than before!”

These people are 40+ years old. They should know better.

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Re:The problem isn't inflation. It's prices. What goes up ma... by colejohnson66 on Wednesday November 08, 2023 @01:16PM (#38194524)

The misconception of tax brackets is also frustrating. Tax brackets are marginal. If a tax bracket cutoff is, say, 10% at 100k, and you cross it to 110k, only 10k is taxed at 10%. The other 100k is taxed as before.

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