Economic Education: Get Some!

I was retired and my wife worked at a primary care medical office. We didn’t need any COVID relief, yet the idiot government sent us payments twice. And no, I did not send them back. Being stupid isn’t without cost.

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The money could have gone a lot further and not created as many issues had they thought about things better.

No, happens faster when you follow capatalistic-type bullshit.

Then I suppose you sent it back?

So that’s what it is about? Someone loses their job and it’s all about frivolous spending.

Folks in North Korea, Cuba, Venezuela, Tibet (under CCP rule), and many Eastern European former USSR nations would whole heartedly disagree.
You don’t get on a homemade raft in Cuba and try to float 80 miles to America if you aren’t desperate. You don’t risk being shot leaving your own country of North Korea if conditions aren’t absolutely horrendous.

More stupidity here. You have tried this argument. Why would I send back money given to me whether I needed it or not?

Another BS generalization. A few percent of people losing jobs does not justify giving money to nearly everyone. What should have happened is not close down the damn world for an extended period of time. We now know that this thing was going to run its course no matter what, which should have been obvious from past pandemics. The majority of people who died were over the age of 65 or had multiple comorbidities. Guess what, these are the people that die from all the other diseases too.
The entire response to the pandemic was BS from the jump. If proper response would have been taken there would have been no need for folks to lose their jobs and/or small businesses and there wouldn’t have been trillions pumped into the economy in less than two years thereby avoiding the shitty inflation we see today.

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So you just helped with inflation?

Hmmmm…a few percentages

The legislation will give single adults who reported adjusted gross income of $75,000 or less. Man all those rich people getting another free ride.

You were probably against the CTC as well.

Thank God it was only a small percentage:)

And the CTC was raised under Trump as well. Not to mention he said he was going to shrink the debt but added around 8 trillion in his 1st term. Just another broken campaign promise from the savior of American politics.

You’ve posted this before. Did I miss the scoring of the debate? How was the winner determined?

Did you even watch the debate? Who couldn’t muster up a solid answer?

Yes.

Both had answers. I’m not sure what you’re talking about.

Why don’t you explain what you saw rather than give your typical cryptic response?

Because they closed down all “non-essential” business… if you would have read my whole post had the government chosen a different path it is likely the spike May have jumped only to 5 or 7 percent.
The date on the article references jobless claims during the “flatten the curve” BS rhetoric where people were temporarily unemployed. Prolonging the reopening of the economy turned that temporary unemployment into long term unemployment. So still, the government screwed the pooch and it’s people here, tried to cover by injecting money and drove inflation through the roof.

But you keep keeping on you pathetic excuse for a human.

I think tax credits like these make the tax code unnecessarily complicated and overburden the people who actually pay taxes by having to try and figure this shit out.

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He just prefers the answers that protect his confirmation bias bubble.

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That’s what I assume. It’s like he heard two people debating whether grass is green or pink, thinks it’s pink, and announced that the pink grass debater trounced his debate opponent.

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You can say this about any argument. How does one determine who is closer to the truth and who is a fraud?

Did you even bother to watch it OR do you just spout off not having a clue of what you are saying?

Holy crap.
Talk about the pot and the kettle

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I have already answered this question.

And you keep thinking it’s currency creation that drove inflation. Rather than the supply-chain breakdown, pandemic and greedy coporations who rose their prices using inflation as an excuse to increase shareholder profits.

And you say I’m pathetic… sheessshhhh…

It’s quite simple they were sending checks monthly, if you can’t figure out where to place the number on your tax form, do some research or go to H & R Block. Then the more evil Republicans stopped it. Don’t want to help out the public only the billionaire class and corporations.

Did you not read the government link that I posted in the last thread that indicated that in almost all industries total profit increased in percentages similar to inflation but percent profit year over year was essentially the same? Or, more likely, you don’t actually understand numbers and math.

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  • The average net profit margin for oil and gas production was 4.7% in 2021 and 31.3% in Q4 2021.2

HHhhhmmmmmm…a net profit margin in Q4 of 31.3%. Yes, I understand the net profit margin was only 4.7% in 2021 overall but when was the price gouging going on?

Was 31.3% close to inflation?

One industry does not define the whole of the economy.

Also as mentioned before quarterly profits are not equivalent to yearly profits. Comparing the two is stupid.

I don’t expect the three adjunct professors that believe in MMT to change their opinion about anything.

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