Most of us are dealing with surviving this current rash of inflation….our gas, food and housing is far more expensive than say a year ago.
AS the situation drags on it drags working families into a pit of despair….and the solutions are not there to protect the families from failure….the face of inflation just keeps getting uglier and uglier…..
Inflation is beginning to show its ugly side, polarizing political systems and fueling strikes and protests that disrupt economic activity. It’s happening in France and the UK and will occur across every country highly dependent on food and energy imports — the two drivers of today’s inflation surge.
Inflation, the sustained rise of the prices of everyday items, has two sides — the bad and the ugly. The bad side is mainly about economics. It’s crushing family budgets, making it hard for low- and middle-income families to afford to put food on the table, gas in the car, and live in a comfortable place.
In addition, the bad side of inflation is about slower economic growth — even a recession — as higher spending on essential products leaves minimal funds for discretionary items. For instance, the US GDP growth declined by 1.6% in the first quarter of 2022. That’s primarily due to a shortfall in consumer spending, as inflation runs at multi-year high no matter how it is measured.
The ugly side of inflation is social and political unrest. It polarizes political systems and pushes societies into chaos, as high inflation turns slow economic growth into outright recessions and even depressions, throwing people out of work. Germany’s economy back in the 1920s experienced among the worst hyperinflation periods the world has ever seen, and the political and social unrest that followed attests to the dangers.
Times are tough and will most likely get even tougher…..and what is the president doing to help American families?
A gas tax holiday.
I have made my thoughts known on the idea of a gas tax holiday….
I do not see this as the answer, as you can read……
All the American oligarchs are worried that any attempts to curb inflation will hurt productivity and that would lessen there profits….and we cannot have that now can we?
I say screw ’em.
They have enough cash on hand to manipulate the markets in their favor let them live off that while we fight inflation…..let them see what it is like to struggle…..American families have been doing it for decades while the oligarchs getting richer by the month.
I Read, I Write, You Know
“lego ergo scribo”