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Why gas? Why not food? Rent? The obsession with fuel prices, and not rent and food, are driven by rightwing talking points.
Everything you consume is delivered to you by something powered by diesel and or gasoline.. Farmers require fuel to run their machinery. Fossil fuels are required for the production of all kinds of items.
Wow! REALLY?? I had no idea the stuff in my store came on trucks, trains and ships! Thanks for answering a question that wasn’t asked…. 🙄
Well what do you think the high cost of fuel does to everything you consume?
Why fuel? Why not rent and food?
So, do you want rent controls?Increased fuel and fertilizer costs increase the cost of food, not just production but transporting it to your store.
Sure. Rent controls. Pay for it with a tax on banks and other corporations.
Wouldn’t making gas cheaper also push up inflation?
How would it do that? It's the complete opposite LOL.
Excess profit taking is happening, and hoarding of wealth.
A greater concentration of wealth among fewer people was going on during the period of low inflation. That is nothing new.
Cheaper gas will drive up demand, which increases inflation. It will also decrease government revenues. That’s why interest rates are being increased; to reduce demand. An increase in taxes would have a similar effect.
I fail to see how something becoming cheaper is inflationary.
But while the policies are aimed at helping Americans weather the fastest pace of inflation in 40 years, economists warn that, paradoxically, cutting taxes could exacerbate the very problem lawmakers are trying to address. By putting more money in people’s pockets, policymakers risk further stimulating already rampant consumer demand, pushing prices higher nationally.Jason Furman, an economist at Harvard University who was an economic adviser under the Obama administration, said that the United States economy was producing at full capacity right now and that any additional spending power would only drive up demand and prices. But when it comes to cutting taxes, he acknowledged, the incentives for states do not always appear to be aligned with what is best for the national economy.“I think all these tax cuts in states are adding to inflation,” Mr. Furman said. “The problem is, from any governor’s perspective, a lot of the inflation it is adding is nationwide and a lot of the benefits of the tax cuts are to the states.”
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