I disagree I've lived in poverty my whole life and today I'm experiencing the worst poverty I've ever been through at 34 years old. Even with early retirement and financial fitness education the money only lasts so long before you run out.

"...The massive rise in wages for low-skilled workers was actually one of the major self-reinforcing drivers of inflation."

Do you mean the benefits and stimmies for NOT working during the biggest monetary inflation in history when you say "rise in wages"?

Which market goods do you think suffered price inflation most due to the poor's " rise in wages"?

Greenspan admitted what the fed one for decade, that they could not with any accuracy, perceive what the money supply was. So they really couldn’t discern how markets were behaving, if they were “irrationally exuberant” or not.

Inflation is a monetary phenomenon. It’s downstream of money creation, which hasn’t been functioning since 2008 when it broke.

well it's been persistently blocked for over a month now.

i'm not going to doxx myself to benefit you.

Low-skill wages disproportionately rising is a definitely inflationary from a median frame of reference. It's a major form of cost-push inflation.

Low-skill wages disproportionately rising is a definitely inflationary from a median frame of reference. It's a major form of cost-push inflation.

Yahurd

STRTCH🆗

One of the biggest fallacies I see when talking about inflation in terms of savings debasement, and in particular, focusing on how it disproportionately hurts the lowest percentiles of income earners, is the fact that the lowest percentiles have no savings. That's what being poor is. If they had excess income, they'd have savings and assets. But they don't. And the poor never have! So the only meaningful way to judge if the poor are being disproportionately affected by inflation, is to compare their income across time, to prices across time.

When we look at income data from the past few years, it actually turns out, that the poorest Americans saw their incomes grow by over 20% since the pandemic.

The massive rise in wages for low-skilled workers was actually one of the major self-reinforcing drivers of inflation.

😂

gm 🫡🦙🫂 have a nice day ☕

The basic ways the government steals your money:

- If you earn it: income TAX

- If you own property: property TAX

- If you spend it: sales TAX

- If you save it: “inflation TAX”

devaluation through inflation (not a tax per se, but reduces purchasing power)

- If you invest it: capital gains TAX

- If you start a business: licensing fees “TAX”

- If you own a profitable business: corporate TAX

- If you gift it: gift TAX

- If you pass away: estate TAX

- If you travel: tourist or departure TAXes

- If you buy fuel: fuel TAX

- If you own a vehicle: vehicle registration & road TAX

- If you buy certain goods: excise TAX

(on items like alcohol, tobacco, & gasoline)

- If you use utilities: utility TAX

- If you import or export goods: customs duties and tariffs “TAX”

- If you extract natural resources: resource royalties and severance TAXes

- If you own a pet: pet licensing fees “TAX”

- If you engage in certain activities: sin TAXes

(on items or activities deemed harmful, like tobacco or gambling)

- If you buy or sell property: stamp duty or transfer TAX

- If you stay in a hotel: hotel TAX

- If you fly: airport TAXes and fees

Am I forgetting anything 🥵

#AskNostr 🙋‍♀️❓

#OverTaxed 🪙 💰

#TaxSlave ⛓️🔊

#BostonTeaParty 🚢 🫖

#Bitcoin #BTC 🧡

You've committed a logical error: the genetic fallacy l.

You need to purple pill your orange pilled friend, sir!

I opened linked in yesterday (don’t know why) and it felt like stepping on a different planet.

It feels so disconnected from what we’re doing with nostr.

USD is worshiped via MRR growth. People congratulating themselves on acquisitions. Everyone feels so fake.

Left me with a feeling of sickness in just under a minute. Had to leave.

Do you know where it’ll be at? That’s really cool, is he on Nostr?