Quote from: TwitchySeal on September 25, 2024, 11:30:25 PM

Quote from: wheelz1200 on September 25, 2024, 10:26:37 PM

Quote from: alani123 on September 25, 2024, 10:14:23 PM

The rich class and them not being taxed on assets actually play a major role in inflation too, therefore disadvantaging everyone else while they keep getting richer and paying nothing back. Elon musk was able to buy Twitter by getting a loan based on his stocks. Jeff Bezos, Mark Zuckerberg and so many more of the billionaires never pay any tax or pay very miniscule tax because so far unrealized gains were not taxed.

In the USA it was considered radical to tax unrealized gains, but it's actually a common sense measure. The more Trump tries to push back on it the more votes he will lose, because more and more people are having a harder time surviving now while the rich class pays no tax so far... It's ridiculous to try and defend this from Trump's side and unless he also comes up with some equally popular measures I'm certain he will lose the election.

Inflation and what the politicians are saying is all smoke and mirrors. Covid hit, we printed a zillion new dollars and now inflation spiked who would have guessed. The US printed more money after covid than any other time in history, it's simple economics. More circulating money means it's worth less amd you need more to buy the same things. They try to use it as a way to pin it against each other when in reality it's both parties fault.

You do understand that there would have been different consequences if they didn't hand out all that money, right?

If you compare the US post covid economic recovery to the rest of the world, it's pretty clear that they (both Trump and Biden administrations) did something right. Inflation sucks, but honestly Americans in general need to look around once in a while and appreciate what they have.

I never said they couldn't have done that. My point was simply we printed the most fiat then we ever have in the history of the US. Of course inflation is going to spike. My point was they blame each other when in reality it was both of them. Ypu are using inflation as a tool to separate people and is not driven by either of theor policies. We printed more money simple.