US judge shuts down Soros-backed Letitia James' assault on Christian organization

[mark francis]

Somewhat? Lol
You are an economic mooron

Maybe you don't understand what is meant by a lowering of inflation. Bidenomics prices have not gone back down to levels enjoyed under Trump.

 

[pjmret]

Maybe you don't understand what is meant by a lowering of inflation. Bidenomics prices have not gone back down to levels enjoyed under Trump.

You clearly don't understand economics
The rate of inflation vwent down dramatically not somewhat
You said rate of inflation not price level
God you are stupid
Too stupid to remember your own posts lol

 

[mark francis]

You clearly don't understand economics
The rate of inflation vwent down dramatically not somewhat

Good. The rate of the continual rise in inflation has slowed. Nevertheless the level of the increased inflation at the beginning of Biden's term has not gone back down at all. What damage has been done by increased pricing due to inflation will never be repaired and high inflation is here to stay, even if its continued rate of increase has slowed.

 

[Boris Norris]

Good. The rate of the continual rise in inflation has slowed. Nevertheless the level of the increased inflation at the beginning of Biden's term has not gone back down at all. What damage has been done by increased pricing due to inflation will never be repaired and high inflation is here to stay, even if its continued rate of increase has slowed.

You do not know how inflation works so why bother making sure predictions. You're an economic vacuum in that respect.
Your party believes in free enterprise and nothing will change that except supply and demand.
Here's a bit that should show you something but I doubt it. You're to dumb.

Inflation: Inflation has been far worse during the Biden administration, up 19% over the first 42 months of Biden’s term compared to 6% during Trump’s first 42 months, according to the government’s consumer price index. Year-over-year inflation peaked under Biden at a four-decade high of 9% in 2022 before falling to just over 3%—which Biden has blamed on COVID-19’s lingering impact and the Russia-Ukraine war.

 

[pjmret]

Good. The rate of the continual rise in inflation has slowed. Nevertheless the level of the increased inflation at the beginning of Biden's term has not gone back down at all. What damage has been done by increased pricing due to inflation will never be repaired and high inflation is here to stay, even if its continued rate of increase has slowed.

You don't understand econ9mic words lol

 

[mark francis]

You don't understand econ9mic words lol

One major problem we have in the US is the election of candidates who do not understand good government and long-established economic principles. We have major politicians pushing socialism, communism, Marxism, and other ideas that drive up debt andf inflation to the harm of Americans, especially poor Americans. Conservative principles do not drive up inflation and raising taxes do not lower inflation. Here is a worthwhile study:

https://www.atlasnetwork.org/articles/taxation-is-the-wrong-way-to-battle-inflation/?utm_source=Google%20Ads&utm_medium=cpc&utm_campaign=Grant%20Account%20Ads&gad_source=1&gclid=Cj0KCQjwu-63BhC9ARIsAMMTLXS7WllkRpmC8mccT12YQHgY2i1ntPOWnMrTvKqaVUC6e-6qgOIoHLoaAklaEALw_wcB 6-6-22

Taxation is the wrong way to battle inflation

Date:
June 6, 2022

Antonella Marty​

This op-ed originally appeared in the Washington Examiner.

As inflation batters the economy, taxation is being advertised like a miracle drug. One idea is the “billionaire tax.” Another is for the IRS to expand its auditing of individual tax returns .

In Washington, D.C., policymakers must tread carefully. Taxation is the wrong way to battle inflation. It has never worked, nor will it ever. Making the wealthy “pay their fair share” may be a popular talking point, but it will do nothing to slow price increases. To quote Milton Friedman: “Inflation is always and everywhere a monetary phenomenon.”

Worse yet, tax hikes will impede the private-sector entrepreneurs' need to spur economic growth at a time when every single percentage point of expansion is precious.

My home country of Argentina is a sobering case study. In 2020, the Argentinian government implemented a tax on the country’s wealthiest residents in an attempt to offset the economic bleeding of the COVID-19 pandemic. Dubbed the
“millionaire’s tax,” Argentina’s new tax law targeted the job creators responsible for employing countless workers, making it more difficult for employers to keep those workers on the payroll. By 2021, the wealth tax had transferred more than $2.4 billion from individual Argentines to a populist government beset by corruption .

Fast forward to 2022, and has inflation vanished in Argentina? No. To the contrary, annual inflation there hovers around 60% , over seven times the annual inflation rate of the United States. In nearby Venezuela, where municipal taxes are known to rise by 9,481%, inflation is nearly 700% . In neither country have tax hikes reduced inflation — not even close.

 

[pjmret]

One major problem we have in the US is the election of candidates who do not understand good government and long-established economic principles. We have major politicians pushing socialism, communism, Marxism, and other ideas that drive up debt andf inflation to the harm of Americans, especially poor Americans. Conservative principles do not drive up inflation and raising taxes do not lower inflation. Here is a worthwhile study:

https://www.atlasnetwork.org/articles/taxation-is-the-wrong-way-to-battle-inflation/?utm_source=Google%20Ads&utm_medium=cpc&utm_campaign=Grant%20Account%20Ads&gad_source=1&gclid=Cj0KCQjwu-63BhC9ARIsAMMTLXS7WllkRpmC8mccT12YQHgY2i1ntPOWnMrTvKqaVUC6e-6qgOIoHLoaAklaEALw_wcB 6-6-22

Taxation is the wrong way to battle inflation

Date:
June 6, 2022

Antonella Marty​

This op-ed originally appeared in the Washington Examiner.

As inflation batters the economy, taxation is being advertised like a miracle drug. One idea is the “billionaire tax.” Another is for the IRS to expand its auditing of individual tax returns .

In Washington, D.C., policymakers must tread carefully. Taxation is the wrong way to battle inflation. It has never worked, nor will it ever. Making the wealthy “pay their fair share” may be a popular talking point, but it will do nothing to slow price increases. To quote Milton Friedman: “Inflation is always and everywhere a monetary phenomenon.”

Worse yet, tax hikes will impede the private-sector entrepreneurs' need to spur economic growth at a time when every single percentage point of expansion is precious.

My home country of Argentina is a sobering case study. In 2020, the Argentinian government implemented a tax on the country’s wealthiest residents in an attempt to offset the economic bleeding of the COVID-19 pandemic. Dubbed the
“millionaire’s tax,” Argentina’s new tax law targeted the job creators responsible for employing countless workers, making it more difficult for employers to keep those workers on the payroll. By 2021, the wealth tax had transferred more than $2.4 billion from individual Argentines to a populist government beset by corruption .

Fast forward to 2022, and has inflation vanished in Argentina? No. To the contrary, annual inflation there hovers around 60% , over seven times the annual inflation rate of the United States. In nearby Venezuela, where municipal taxes are known to rise by 9,481%, inflation is nearly 700% . In neither country have tax hikes reduced inflation — not even close.

You don't understand economic words
And spamming this thread doesn't change that

 

[mark francis]

You don't understand economic words
And spamming this thread doesn't change that

Say what you like, Kackles' plan to soak the rich to lower inflation costs is about as stupid as any could be.

 

[pjmret]

I

Say what you like, Kackles' plan to soak the rich to lower inflation costs is about as stupid as any could be.

Will say it
You are an economic mooron

 

[Gabriel_Bell]

The government has no way to force all stores and suppliers to lower their prices. They can have congressional hearings on shrinkflation and on companies that conspire with their competitors to raise prices. But it is undeniable that Biden has managed to cut the inflation rate drastically without throwing people out of work.

Reagan threw millions out of work and destroyed the S&L's and people lost their homes and were forced to live in their cars, and Reagan said that they preferred homelessness.

No president can force suppliers and stores to cut prices to 2020 levels.

 

[mark francis]

The government has no way to force all stores and suppliers to lower their prices. They can have congressional hearings on shrinkflation and on companies that conspire with their competitors to raise prices. But it is undeniable that Biden has managed to cut the inflation rate drastically without throwing people out of work.

Reagan threw millions out of work and destroyed the S&L's and people lost their homes and were forced to live in their cars, and Reagan said that they preferred homelessness.

No president can force suppliers and stores to cut prices to 2020 levels.

Governments that try to control free markets do damage by their efforts.

 

[pjmret]

Governments that try to control free markets do damage by their efforts.

prove it.

 

[mark francis]

prove it.

Solyndra.

 

[Gabriel_Bell]

Governments that try to control free markets do damage by their efforts.

That is what you are saying Biden should do: cut prices back to their 2020 levels.

The inflation RATE is not the same thing as the result of past inflation.

Do you think that Trump has the power to lower prices back to 2020 levels? Perhaps is he really SCOWLS at them, or maybe he gets a cop to beat them up. That's his new thing, encouraging the cops to really rough people up Georgefloyd them until they behave, yeah!

 

[pjmret]

Solyndra.

one company proves..nothing. lol.

you are an economic moooron.