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this post was submitted on 20 May 2024
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I love how Fortune always deflects from the actual issue: wages aren't matching prices, which means the average American is getting screwed by company owners and wealthy investors, at work, at the bank, at university.
It's not about interest rates or inflation, although those are both relevant. If inflation were evenly balanced, it wouldn't hurt most people, right? That is definitional. And high interest rates block house purchases, but in theory they also benefit house owners who have fixed interest rates. So again, if people were able to afford houses in the yhr past few decades, this wouldn't be such a big issue.
"Getting screwed by government"
That's the primary issue. Stop deflecting from the fact. Government is and always has been a problem. Fix government spending, checks and balances, audit the fed thoroughly, and everything else will fall in line.
Stop spending on war. Problem solved.
Facts. Not just that.. our government is infatuated with spending tax dollars on really stupid studies. For example quails high on cocaine.
And these amongst a long list of other wasteful spending:
Fauci’s NIAID spent $478,188 to turn monkeys transgender $6.9 million smart toilet analyzes “anal print” Feds give $300,000 to virtual reality penguin study The State Department gave $25,000 in grants to Chinese surfers Harvard spent $75,000 in federal grants to blow lizards off trees with leaf blowers