BasileusLeoIII

BasileusLeoIII t1_iumekqe wrote

The overwhelming majority of middle and upper class Americans receive healthcare through their employer. Such people are not spending $20,000 a year every year on medical expenses; that assertation is absurd.

I get that america = bad on reddit, but we're talking numbers here. The millions of people per year who uproot their lives to start fresh in America aren't doing so out of ignorance.

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BasileusLeoIII t1_iuizso1 wrote

cannot believe that people are unironically pushing this narrative

that companies have somehow gotten together and utterly beaten centuries of microeconomics, shifting the supply/ demand curve across the nation to raise the prices they charge for goods and services

No, inflation is currently being caused by the unprecedented and untenable amount of money the Federal Reserve is printing, or put more succinctly, the Money Supply

Absolutely reckless federal spending, and a skyrocketing deficit due to tax incomes not even approaching spending rates, are causing inflation, coupled with major supply chain issues

The dollars in your bank account are worth relatively less, because there are suddenly so many billions more of them in circulation

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