In Reply to: Deff Ears posted by Dean on August 04, 2023 at 08:34:21:
How Much Has Inflation Really Gone Up Since 2021?
By Shaun Kenney - August 2, 2023
50% for food, 25% for energy ó and it was all planned. How much longer should we tolerate it?
Great news, товарищ! Inflation only rose 3.0%! Gas prices fell to a modest $3.69/gal! Celebrate Comrade Bidenís Glorious Four-Year Plan!
Of course, if youíre not buying it? Itís probably because you canít afford toÖ
Here are a few helpful charts to put that pain into perspective. Whether it is energy prices ó gasoline, electric, other ó or food prices, Americans arenít just hurting, they are being wrung out as a matter of policy in an effort to avoid a recession.
Bidenís policy wonks might cheer their efforts, but the fact of the matter is that inflation is and remains a hidden tax on the working class, one that is making the middle class poorer while safely protecting those with excess means ó and specifically the state and federal government.
News Flash to Policy Wonks: People Are Hurting Out There
Something to consider: what we are witnessing is the undoing of the Republican-era federal tax policies enacted by the Trump administration in 2017. Whether by design or in reaction to the Russian-Ukrainian conflict, it is one of the largest wealth transfers in the history of the United States ó and it is going to those who already have it at the expense of those who never did.