Not everybody worked for companies as long time employees like that and became millionaires. stating what I think just has been nothing but the chance get shot down. Going back to lurking alot safer staying away for ya'all experts.

7%
I ate panda Express for lunch. The same 2 item meal was $8.52 2 weeks ago. Today it was $9.23 that equals 8.3333% increase.

Part of what makes America great is that you can choose where you work and even start your own business if you want to. If you're not happy with how you are employed, go change it. Nobody else owes you a living. Part of living in a free country, that liberals never comprehend, is that you are responsible if you succeed or fail yourself. If you don't like the wages you are paid, don't work there. America, despite the damage liberals continue to do to her, is a land of opportunity.

Keith

Inflation is measured in several places across the country. In some areas it is higher than others. But the same methods are used everywhere so that an overall WEIGHTED AVERAGE" can be determined for a given time period. Some items in the basket of goods may go up in certain areas and down in others.

The other thing to factor in here is that inflation is increasing WORLDWIDE. Not just in the USA. What is going on in the world that is affecting labor markets, and supply chain issues ? Something we won't talk about but certainly has an impact.


If you really think that overall inflation in the US is averaging greater than 7% annually, please explain to me why the 10 year treasury yield is only 1.72 % currently .

100% what Keith said.

Ceelmo I fail to see where everyone is tearing you down. We don't agree with what you said but that is another great thing about this country. We are allowed to form our own opinions and express them. I often have people tell me that I just don't understand what they are saying. I usually fire back with yes I do understand, I just don't agree. That usually gets them pretty fired up. That seems to be the situation here.

I upped my prices 15%, gave an employee a 15% raise as well. I'm flirting with raising prices another 15% this spring, if call volume remains stable/high I will raise at least 15% more by April.

Dow Jones was at 36,500 today which is very close to the all time record high. DJ doesn't cover but a handful of big companies but it's an indicator. I think.

White I'm no pro with world economics but I just gave another example to jbryds list.
Yes there's tons of factors involved. Everything is skyrocketing in prices. We talk about labor shortages and supply chain issues often. It's been several months and cargo ships still can't dock right away. Been nearly 1 year we went from energy and oil exporting to begging OPECand tapping the reserves for oil.


Maybe Biden Harris and buttigieg need to stop sucking their pacifiers put on their big kid pants and get to work. Maybe they should all admit they can't do the job and quit.

Well they sure are not helping at all. But neither is Congress by making believe we can inflate ourselves out of inflation by adding more money to the pot. George Orwell made an apt observation for that type of thinking.........“One has to belong to the intelligentsia to believe things like that: no ordinary man could be such a fool.”

Except it isnt. The fed creates more money every year and tax dollars just pay the interest.

Ceelmo.trap - I don't think anyone is shooting you down - you're stating YOUR opinion - the problem is the facts do not correlate with YOUR opinion

the Top 1% - of those making approximately $545,000 pay 40.10% of all income taxes
the Top 10% of those making approximately $ 151,937 and greater pay 71.37% of all income taxes

so If we look at the inverse of the last data point

90% pay (100% - 71.37) 28.63% of Federal Income taxes you see that 90% pay less than 30% of all federal income taxes


Your right the rich don"t pay their " fair share" - They pay way more than their fair share

Wishing you the best

THIS is the problem . People (not just you) point to the stock market and say "things are great" But the average jos doesn't own stock. PLUS the stock is way over inflated by the way the fed is giving Buy back dollars. (another thread) When in "real" life the shelves are bare, the items on them are way over priced. Another stat poopy joe pointed out was record sales during Christmas. YES record prices equal record sales. Not that more goods were sold for more profit s it was just the retail prices were so high.
Just like movie grossing millions more now days versus 20 years ago. LOl tickets 20 bucks now when they were 5 back then.

Only thing I see wrong with your example is I don't think someone making 150,000 is in the TOP 10 percent of the nation.

Not true... The average Joe does often own stock and many are so financially illiterate that they don't even realize it.

Have a 401k, you own stock
Have a IRA (Roth, traditional, rollover, simple) you own stock.

Many people talk about greedy wall street not even realizing it is themselves they are referring to.

56% of adult Americans own stock, so the average "Joes" most definitely do own stock.

https://www.fool.com/research/how-many-americans-own-stock/

Stock prices are inflating just like the majority of other items for sale in America. America is not doing well.

Keith

An incredibly quick search will prove that what Bwurts said is pretty close to exact.

Keith

If you are not using every opportunity in the tax code to pay as little as possible you are an idiot.

That is very true too. Every politician needs to have term limits. Yet people keep voting the same people in thinking it will change.

Well calling the guy an idiot will definitely help him feel better about already being badgered and browbeat into not posting anymore. Good job! 👍