Author Topic: Government Day-to-Day  (Read 40395 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #2205 on: June 22, 2022, 10:16:37 pm »
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.
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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #2206 on: June 22, 2022, 10:34:38 pm »
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….  🙄

Offline wilber

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Re: Government Day-to-Day
« Reply #2207 on: June 22, 2022, 11:08:59 pm »
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?
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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #2208 on: June 22, 2022, 11:19:53 pm »
Well what do you think the high cost of fuel does to everything you consume?

Why fuel?  Why not rent and food? 

Offline wilber

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Re: Government Day-to-Day
« Reply #2209 on: June 22, 2022, 11:40:57 pm »
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.
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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #2210 on: June 22, 2022, 11:45:44 pm »
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. 

Offline wilber

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Re: Government Day-to-Day
« Reply #2211 on: June 22, 2022, 11:51:11 pm »
Sure. Rent controls.  Pay for it with a tax on banks and other corporations.

That would be a rent subsidy.
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Offline Queefer Sutherland

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Re: Government Day-to-Day
« Reply #2212 on: June 22, 2022, 11:56:58 pm »
Wouldn’t making gas cheaper also push up inflation?

How would it do that?  It's the complete opposite LOL.
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Offline Queefer Sutherland

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Re: Government Day-to-Day
« Reply #2213 on: June 23, 2022, 12:01:47 am »
Trudeau should suspend the carbon tax temporarily until inflation, especially on gas, drops back down to reasonable levels.  But he won't.  He doesn't even drive or pump gas I assume.
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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #2214 on: June 23, 2022, 12:50:20 am »
How would it do that?  It's the complete opposite LOL.

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.


Offline MH

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Re: Government Day-to-Day
« Reply #2215 on: June 23, 2022, 05:43:25 am »
Excess profit taking is happening, and hoarding of wealth.

Offline wilber

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Re: Government Day-to-Day
« Reply #2216 on: June 23, 2022, 08:39:42 am »
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.
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Offline MH

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Re: Government Day-to-Day
« Reply #2217 on: June 23, 2022, 08:42:05 am »
A greater concentration of wealth among fewer people was going on during the period of low inflation. That is nothing new.

Since the 1970s though ? 

Offline wilber

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Re: Government Day-to-Day
« Reply #2218 on: June 23, 2022, 10:09:55 am »
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.

Demand for what? The high cost of fuel is one of the biggest components of the inflation we are experiencing. Other than money itself, I fail to see how something becoming cheaper is inflationary.

It will decrease government revenues because it charges GST on inflation, They even charge GST  on the carbon tax.
« Last Edit: June 23, 2022, 10:13:36 am by wilber »
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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #2219 on: June 23, 2022, 10:27:48 am »
I fail to see how something becoming cheaper is inflationary.

Then you don’t really understand economics and inflationary pressures. 

Quote
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.”

https://www.nytimes.com/2022/05/10/us/politics/states-tax-cuts-inflation.html