Re:Why Are People So Down About the Economy? Theories Abound
by bluefirebrand on Thursday May 30, 2024 @08:58PM
(#40530437)
> This must be due to increased state and local taxes
I don't know if it matters all that much why prices are increasing for everything, whether it's inflation, corporate greed, new/increased taxes, or whatever else
The fact is people are getting squeezed from a lot of directions, and meanwhile we're reading about record corporate profits, many companies are doing massive layoffs, and raises aren't keeping up with expenses
This must be due to increased state and local taxes.
https://www.gasbuddy.com/charts
May 2019 is ~$2.70 and May 2024 is ~$3.70, a 37% increase, as opposed to a 100% increase for where you live.
I used May 2019 because there is no use in comparing May 2020 or any other part of 2020 due to COVID supply and demand disruption as well as seasonal differences.