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Quote from: Fathernature69 on Sep 01, 2024, 10:45 AMInflation was not down during Trump presidency, but was under control.

Here is an investopedia article on Inflation under past president. Jimmy Cater was the highest @9%.  Biden was third at 5%+. Trump was 1%. 

https://www.investopedia.com/us-inflation-rate-by-president-8546447

In the quoted article linked. The Bottom Line: While a president's actions can affect inflation, there are many other factors that must be weighed when evaluating the root causes behind price increases. Biden signed the American Rescue Plan Act in 2021, a $1.9 trillion stimulus package to help the country recover from COVID-19. In the wake of the COVID-19 pandemic recovery and after the Russian invasion of Ukraine in 2022 caused gas prices to soar, inflation rose to record levels not seen since the 1980s. The annual inflation rate for the United States was 2.9% for the 12 months ending July.

If Donald Trump wins a second term, some experts believe it could affect the U.S.'s inflation trajectory. A second Trump term would mean higher tariffs, deficits and other policies that would increase inflation.
Remember prior to the 2022 midterm election, Republicans campaigned on complaints about inflation with high prices at the grocery store and the gas pump? They took the house and accomplished nothing. How many times will people fall for the "I alone can fix it" but he never fixes it.

Quote from: Romanticlover on Sep 01, 2024, 01:46 PMIt's not just what I say, every economist says the same thing.
Go read some of Milton Friedman or Thomas Sowell's work on the subject.

I really liked Milton Friedman R.I.P.  I use to argue his assertion that the only corporate social responsibility a company has is to maximize its profits. Not make donations to education, civic programs, etc. I agreed with his arguments about corporations not paying income taxes. I also say he was right in his opposition to the war on drugs and support for drug liberalization policies.

If corporations can pay their ceo millions per year they certainly can help lower inflation by cutting salaries of top officials.  We have a minimum wage why not a maximum wage.  When companies can afford to pay 100k per month salary then they are charging too much for their products or services.  People need to stop buying from companies that overcharge.

Quote from: Hobby on Sep 02, 2024, 12:59 PMWe have a minimum wage why not a maximum wage.

It's easy!  Because it would cause a disincentive to achieve greatness!  You should always reward a person for better performance!

Quote from: Rockeyhard on Sep 02, 2024, 01:38 PMIt's easy!  Because it would cause a disincentive to achieve greatness!  You should always reward a person for better performance!

So paying people more is good, except if it directly impacts you like paying fast food workers more.

Then it's a bad thing to reward people?

Quote from: bats on Sep 01, 2024, 10:37 PMSure, but such generalized claims can't even be proven. They're useless.

What we know for sure is that right-wing politician's and their media allies parrot those kinds of claims all day, every day. The propaganda is effective, as evidenced by some of the posts in this very forum.

The far right makes up shit and can't prove what they are saying... should be a law against telling lies to the public!

Quote from: Blkfyre on Sep 02, 2024, 02:30 PMSo paying people more is good, except if it directly impacts you like paying fast food workers more.

Then it's a bad thing to reward people?

That absolutely makes no sense!  Of course you shouldn't pay someone more who doesn't deserve it for their performance!  Exactly why fast food employees didn't deserve $20/hr.  If they did they would have already gotten a raise or moved on to a job that did pay their value!

Quote from: Rockeyhard on Sep 02, 2024, 03:32 PMThat absolutely makes no sense!  Of course you shouldn't pay someone more who doesn't deserve it for their performance!  Exactly why fast food employees didn't deserve $20/hr.  If they did they would have already gotten a raise or moved on to a job that did pay their value!

So, billionaires deserve being incentivized, fast food workers to not.

Got it

Quote from: Hobby on Sep 02, 2024, 02:55 PMThe far right makes up shit and can't prove what they are saying... should be a law against telling lies to the public!

Free speech allows people to express opinions without fear of government retaliation or censorship. Even if the speech expresses false information.  However there can be consequences of spreading false information if it causes harm. Such as inciting violence, false advertising, defamation of character.

The woman is free to speak arrest everyone that listens

Quote from: Rockeyhard on Sep 02, 2024, 03:32 PMThat absolutely makes no sense!  Of course you shouldn't pay someone more who doesn't deserve it for their performance!  Exactly why fast food employees didn't deserve $20/hr.  If they did they would have already gotten a raise or moved on to a job that did pay their value!

My opinion salaries are not based on what one deserves. It is more like product pricing supply and demand. How much doses it take to attract someone to do the job? What would it cost to replace someone if they leave the job? Just like in product pricing supply and demand, in labor supply and demand there are factors that interfere, heavily influence, what prices and wages will actually be.

Quote from: HighStepper on Sep 02, 2024, 03:48 PMMy opinion salaries are not based on what one deserves. It is more like product pricing supply and demand. How much doses it take to attract someone to do the job? What would it cost to replace someone if they leave the job? Just like in product pricing supply and demand, in labor supply and demand there are factors that interfere, heavily influence, what prices and wages will actually be.

I agree totally, hence paying someone what they deserve based on performance and being able to keep a job and not artificially enhanced pay because Newsom thinks they should be paid more!

Quote from: HighStepper on Sep 02, 2024, 03:48 PMMy opinion salaries are not based on what one deserves. It is more like product pricing supply and demand. How much doses it take to attract someone to do the job? What would it cost to replace someone if they leave the job? Just like in product pricing supply and demand, in labor supply and demand there are factors that interfere, heavily influence, what prices and wages will actually be.

Quote from: Rockeyhard on Sep 02, 2024, 04:50 PMI agree totally, hence paying someone what they deserve based on performance and being able to keep a job and not artificially enhanced pay because Newsom thinks they should be paid more!

What do you agree with? It seems like you disagree with the comment.

The Federal Reserve and classic market economics lowered inflation but the big bosses always get the credit or blame when anything goes right or wrong, even when they have nothing to do with anything.

The problem with raising the minimum wage to is it raises the prices of goods and services, there's no way a high school drop-out or a felon released from prison is worth $20 an hour. A wage should be what an employee is worth to a company and should be based on merit not an arbitrary number. When the cost of employees get too much for an employer they either have to cut hours or lay employees off, what good is $15 or $20 hour if you can't find a job due to your lack of experience or criminal record?

Every corporation does background checks nowadays, even Walmart and Amazon.

Quote from: Romanticlover on Sep 02, 2024, 09:20 PMThe problem with raising the minimum wage to is it raises the prices of goods and services, there's no way a high school drop-out or a felon released from prison is worth $20 an hour. A wage should be what an employee is worth to a company and should be based on merit not an arbitrary number. When the cost of employees get too much for an employer they either have to cut hours or lay employees off, what good is $15 or $20 hour if you can't find a job due to your lack of experience or criminal record?

Every corporation does background checks nowadays, even Walmart and Amazon.

So, just checking. The ONLY people who have minimum wage jobs that were raised to $20 were high school drop-outs and felons?