Increasing Minimum Wage increases inflation. Has ever single time it was increased. One would think this would make the rich overall lose money because it devalues their money. Reality is the insanely wealth with their money all in stocks will ride the inflation out and make money, it hurts literally everyone who doesn't have their income bumped to keep up with the inflation. It hurts those who have retired. It hurts those on Social Security.
But the rich A-hole who control this basically get to manipulate the market in their favor and WE PAY FOR THEM TO MAKE MORE MONEY.
But don't go investing your 2k life savings in the stock market just yet because I still believe the Liberals are going to shutdown the country for covid one more time so they can manipulate the market knowing when to buy and when they'll reopen so they'll know when to sell as well. Panic sales of March 2020 compared to today if you knew when it was coming you'd have tripled your money.
So true, I bought a ton of stocks 'on sale' and have made a killing off the inevitable bounce back. That wasn't a dead cat, it was a kickball with a picture of a cat on the side of it.
Covered the spread (and then some) for all the jacked up prices on the ammo and gym equipment I bought!
Increasing Minimum Wage increases inflation. Has ever single time it was increased. One would think this would make the rich overall lose money because it devalues their money. Reality is the insanely wealth with their money all in stocks will ride the inflation out and make money, it hurts literally everyone who doesn't have their income bumped to keep up with the inflation. It hurts those who have retired. It hurts those on Social Security.
But the rich A-hole who control this basically get to manipulate the market in their favor and WE PAY FOR THEM TO MAKE MORE MONEY.
But don't go investing your 2k life savings in the stock market just yet because I still believe the Liberals are going to shutdown the country for covid one more time so they can manipulate the market knowing when to buy and when they'll reopen so they'll know when to sell as well. Panic sales of March 2020 compared to today if you knew when it was coming you'd have tripled your money.
The rich don't hold cash. They hold assets and asset values appreciate in the midst of inflation.
So true, I bought a ton of stocks 'on sale' and have made a killing off the inevitable bounce back. That wasn't a dead cat, it was a kickball with a picture of a cat on the side of it.
Covered the spread (and then some) for all the jacked up prices on the ammo and gym equipment I bought!