Price gauging has always been illegal dude. Is it illegal for a supermarket the week before thanksgiving to double the price of their turkeys?? No. Not likely. It’s not an essential good like Gas and you’d have to prove the shoppers had no other protein choices. Does Elizabeth Warren run the DOJ, BBB, etc etc.??…. No. She’s a legislator. Does her and other high profile Democrats bringing it to the surface maybe alert the supermarket chains in a way that makes them think twice about taking advantage of their shoppers?? Maybe. Are Republicans cheering on a bad economy because they want to hurt Democrats and make a case for their libertarian trickle down utopia?? Yes. Do the supply chain issues have anything to do with Biden being the president?? No… the fact is we do not manufacture anything here anymore. Hence the word… SUPPLY.
Easy there with facts / logic better you than me ...I try not argue with people who have no facts or data to support their claims. They were stupid enough in the first place to blindly follow an idea.
Biden has no control over inflation - a global phenomenon based more of supply shortages as a fall out from coronaviruses as economies begin to ramp up. The price of silicon for instance has nothing to do with Biden or anyone else sitting in America. Attempts by people to spin it this way or another is ridiculous. The fed needs to increase interest rates and help taper demand a bit, and the labor markets have to play themselves out more. Also a lot of people's savings from the pandemic will need to be exhausted. But people are forgetting how low unemployment is and that the economy is growing at a robust pace. There's no need to panic about inflation right now, it's more of something that needs to be watched and managed by the Fed vs the federal gov't
Fed can never raise interest rates, it would cause a recession which is not politically tolerable. They have to keep printing to keep the asset bubble inflated, until the currency eventually collapses. It happens gradually, then suddenly.
This is false, the legislation states its anyone making over $400k. Why don't you check facts before you post these obvious lies? oh wait, you like lying, I forgot that.
The Fed is not a political organization (or at least wasn't until Trump). Raising interest rates does not necessarily cause a recession. The Fed is already taking actions to tighten the money supply as it curtains bond buying activity and the reality is that interest rates will be increasing - the markets are adjusting to that already.
They can and will say they are planning to raise rates, but they won't. COVID is a perfect excuse to reneg on rate hike promises. No matter how bad inflation gets, neither Biden nor Dems will call for an interest rate hike, because they know it will cause a recession.
Thats some math spin there. Given like 17% of American households make over that amount, that means if half of the audits only cover 83% of America households, the large majority of the audits will be wealthy households. This is in line with exactly what Democrats have been advertised and also shows that they are being fair to the rich and not solely targeting them. It’s also interesting that you support breaking the law. Not paying your taxes is illegal. Why are you for allowing Americans to break laws???
That also is individual income which means the percentage of individuals who earn more than 75 grand a year is smaller than 17%.
I was being generous with my math and only factoring in household income over 150k. Give the guy a chance to make some sort of point over than how cheating on your taxes is a good thing for a country that pays for things like the military, police, roads, and secret service protection for Mar A Lago with taxes. If nobody pays taxes how would we protect our great former president??
you understand that the source of this spin is, at best, dubious, if if we assume that this is true, you understand that this presents Biden in a good light, no? this means at least half of the audits will also be targeting tax cheats like the Trump co, fake-charities like the now-defunct Trump foundation whereas under Orange Hair, the IRS was willing to look the other way away from tax cheats such as the Trump co think you're referring to the income tax increase on those making > 400K
true that, because it is not their call. it is up to the Fed am willing to be place a $5 bet that Fed will increase the discount rate before year-end 2022
I don't think you understand that Biden nor Dems should say anything about rates, nor Republicans. In our history all but Trump have respected the independence of the Fed to make the best decision regarding rates without political interference. Let the Fed do its job, and yes, the Fed will raise rates if that's in the best interests of the health of our economy. The have not to date because the current inflation appeared to be more due to supply change shortages coming out of the pandemic than a long term effect however there is increasing doubt that is the complete explanation. I don't understand why you think it's on Biden to influence interest rates. That's actually a bad idea.
