When we built our house (1980) payment, taxes, and insurance were about half what taxes are now. Recently got new tax value, and it's north of a million.
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When we built our house (1980) payment, taxes, and insurance were about half what taxes are now. Recently got new tax value, and it's north of a million.
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You are exactly right on this post and the last!
Originally Posted by Lee DeRaud
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Nellie Stevens doesn’t need a pollinator, that’s probably another reason she is so popular.
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Malcolm McLeod--"Causes of inflation..the main contributing factors include the increase in the money supply."
What does this mean? How do you increase the money supply? Who does that; is it just a matter of working more hours and earning it?
Kindness Every Day......All Day
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Yep it all depends on where you look. From the Economic Policy Institute "Since the trough of the COVID-19 recession in the second quarter of 2020, overall prices in the NFC (non financial corporate) sector have risen at an annualized rate of 6.1%—a pronounced acceleration over the 1.8% price growth that characterized the pre-pandemic business cycle of 2007–2019. Strikingly, over half of this increase (53.9%) can be attributed to fatter profit margins, with labor costs contributing less than 8% of this increase. This is not normal."
https://www.epi.org/blog/corporate-p...akers-respond/
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Economic Policy Institute... Is it Red affiliated (Right leaning) or Blue affiliated? (Left leaning)
That might make a difference in its reporting, kind of bias it ...https://en.wikipedia.org/wiki/Economic_Policy_Institute.
"What you see and what you hear depends a great deal on where you are standing.
It also depends on what sort of person you are.”
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There are a few ways the money supply increases. When government issued bonds are redeemed, the money to redeem them either has to come from the taxpayers or the government printing presses. (can you guess which is more likely to occur?) Municipal bonds from states, counties and cities have to be paid off by collecting of taxes. U.S. Government bonds are often paid off by cranking up the printing presses. To much printing press money can put too many dollars chasing a shortage of goods. That can, and most likely will, cause inflation.
If enough people stopped buying potato chips and soda pop, prices would likely drop. That is what sales are about. Retailers don't like products that don't move off the shelves.
jtk
"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
- Sir Winston Churchill (1874-1965)
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Walmart Mart family and shareholders benefit from stock pricing going up.
Walmart Reich.png
Brian
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The quote you posted ended with "fossil fuel policies". That's the very definition of corporate greed. I get it. The whole planet has a petroleum based economy. Everyone depends on petroleum. But it's a reality that the people who produce petroleum are motivated by corporate greed. On the one hand, that motivates companies to produce said petroleum. On the other hand, it motivates companies to keep the prices as high as possible. The only reason prices aren't higher than they are now is because petroleum companies know the higher the prices go, the more motivation there is to switch to alternative energy sources. And that would get in the way of their corporate greed.
Last edited by Pat Germain; 03-24-2024 at 11:31 AM.
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Little O.T. but I believe Comcast is building their own mobile infrastructure for at least part of their system that is now using Verizon. Comcast is already providing quite a bit of network capacity to other mobile system providers so they're adding cell site hardware.
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They may decide to do that in more urban areas where they have fiber infrastructure, but just like ATT, VZ and TMo, a lot of the wireless infrastructure "out there" is owned and operated by specialty companies like Crown Castle. It's a "yuge" investment to put discrete hardware for each carrier, so they all lease from the specialty companies when it makes sense to do so. Right here in Doylestown where you and I live, all those 5G wide band nodes throughout town are owned by Crown Castle and are connected physically to VZ's fiber. VZ leases access to the nodes (they got first dibs) but the contract allows for other carriers to lease access if they prefer. (I do not know if any are doing that currently)
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The most expensive tool is the one you buy "cheaply" and often...
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Careful - you'll run afoul of the ban on politics.
"Life is what happens to you while you're busy making other plans." - John Lennon
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Brian, the cost of our virtual friendships with everyone here is free, and priceless.
A bargain at any price
Regards, Rod
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Well, I've always said, "I'm not easy, but I can be had." Brian
Brian
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It's only going to get worse too. A friend told me today he sold 700 steers for slaughter Friday for the highest price he's ever gotten. $1.91 per pound. Wait a few months for that to make it's way to the grocery store. It's a good time to be in the cattle business with corn prices tanking. Prices have increased on and many things and many things they reduces the package quantity to make it look like there was no change. In the end the consumer is almost always the loser.
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