Posted on 02/22/2022 3:54:44 PM PST by proxy_user
Today I check the price of tomato soup. Just your regular can. On sale it is a dollar a can.
A year ago it was $0.75 a can on sale.
Because all the rich people have decided to eat a lot of tomato soup?
The top quintile is the macroeconomist’s rich. For real rich, you need at least $10 million in financial assets. About 1.2 million households are in that category.
Walmart greeters need to do income checks.
People making over $400,000/year shouldn’t be allowed in.
(Joke)
If you own or can afford a mansion in Greenville, Delaware and a beachfront mansion you are rich.
$125k is about the average Federal employee salary in the Washington, DC metro area.
JB and DJT appointed Federal Reserve bigshots.
In my Florida county teacher pensions top out at about $85K.
Check out Vail and Aspen for crazy real estate prices.
It’s essentially a formality. Once nominated and approved they report to no one in any meaningful way. Both sides are largely scum bags in politics.
Nope. It’s the rich alright. The rich Mueller Chugites doing it. The Brandon’s. The Mitches. All the way home.
❎❎❎
....all the way home. Look where your property taxes go.
The things they buy create jobs for people.
“BOAT BUILDERS SCUTTLED BY YACHT TAX”
https://www.sun-sentinel.com/news/fl-xpm-1993-08-16-9301300112-story.html
Good call. “The rich” do not drive inflation but printing money does everytime.
If I go to my favorite high-end steakhouse, and have a martini ($15), a salad ($12), a rib-eye ($55), a baked potato ($9), a bottle of good Cabernet ($90), and a Cognac ($20), plus 8% tax and a 20% tip, I've dropped $260 or so. The establishment gets a cut, my bartender and waiter get a cut, and various governments get cuts (not only from sales tax, but from the restaurant's income taxes). I have contributed to the economy in multiple ways. And I'm supposed to apologize for that?
Next time, I'll stay home and dine on beans and Bud. And if enough other people do that, the restaurant will fail, its employees will lose their jobs, and tax revenues will drop.
Do I want a beach front home...?
No, but I like the beach at times...
I prefer the middle of no where. And the smell of thunderstorm's in the spring/summer....And cattle bellowing in the night...
And coyotes howling...
That's worth more than any beach front mansion to me........
Both actually. It’s just printing + favors started it then the equity / housing boom started, then the top 20% felt comfortable and started spending. It will pull back eventually and when it does it will be like hitting a wall. BAM
Average?
I see. So “rich” people don’t have to pay more for items. And the “rich” don’t have to buy fewer items. The rest of us do.
Inflation is so much more complicated since communists took control of Washington.
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