turbo36
Veteran Member
- Joined
- Apr 20, 2004
- Messages
- 1,391
- Location
- Michigan
- Tractor
- JD X739 AWS (3), 2016 Toolcat, JD 2038R
Not trying to be a jerk here but when you talk of the average working class family, why are they somehow less fortunate than others? Are those with money somehow just lucky or perhaps they have worked the system better than the average middle class family?When wages go up by half the real rate of inflation, people are in fact poorer EVEN IF their paycheck is bigger. This basic economic fact is totally ignored by most major media.
Inflation hurts those least able to afford it most. It is a bit like the morning show host who didn't care about gasoline prices because "she drove a Tesla". The reality of government mandates raising the cost of cars and similar things is unavoidable to the average working-class family but, is irrelevant to the people making the rule changes.
Milton Friedman would be the first to tell you that there are going to be winners and losers under classic economy theory, he would also tell you that the winners will be those that work harder/smarter than others.