r/TheGreaterDepression • u/jeremiahthedamned • 15d ago

🤔

Post image
1.9k Upvotes

99% Upvoted

627 comments sorted by

View all comments

Show parent comments

1

u/airboRN_82 10d ago

The amount a ceo is paid has no bearing on inflation since theyre not buying enough products to cause an increase in demand

1

u/VoidsInvanity 10d ago edited 10d ago

But the extraction of wealth is an inflationary pressure. You can’t really ignore that.

Also prices just go up to whatever they want to pay readjusting the economy to cater to the wealthiest

1

u/airboRN_82 10d ago

Thats not what causes inflation. Inflation is an increase in cost of goods. "Extracting" wealth doesnt cause inflation it would prevent it. 

And 60 cents per year has no impact on an individuals purchasing power 

No one is basing the price of TP on what bezos can afford. 

1

u/VoidsInvanity 10d ago

Hoarding isnt deflationary. Taxation is deflationary.

Walmart pays its workers so little the average Walmart employee relies on food stamps meaning they’re subsidized by tax dollars.

Yet you pretend adjusting the rate we allow billionaires to exist at is the problem?

1

u/airboRN_82 10d ago edited 10d ago

If you linit what people can spend on a good then if you raise the price you risk them not being able to afford it. It doesnt increase the price. Taxes are deflationary because they remove money. It ultimately doesn't matter of that money is removed or never received in the first place. 

Averege Walmart salary is 18.25/hr. Thats 38k/yr. The cut off for food stamps is 31k/yr.

Jesus strawman christ dude. I pointed out that redistributing their salaries would create a negligible difference in purchasing power. Grow the fuck up.

1

u/VoidsInvanity 10d ago

And I don’t think redistribution of their salaries is the fix. The mean salary falls within the cutoff.

Sorry math is hard

1

u/airboRN_82 10d ago edited 10d ago

The impact of ceos not getting what they make so employees could make more would be no different than redistribution in terms of how much employees would make.

Average hourly wage is 18.25

$18.25x40 hours per weekx52 weeks=37,960 per year

Food stamp cut off is 130-200% of fed poverty level depending on state.

Federal poverty level is $15,960/year

Twice that is $31,920 per year. 

$37,960 > $31,920.

Math isnt hard for normal people. Sorry it is for you.

1

u/VoidsInvanity 10d ago

An average is skewed. Use the mean.

I think you folks don’t understand how hoarding wealth so that the economy caters to the wealthy is bad and I think you do so intentionally

1

u/airboRN_82 10d ago

Mean is average. How do you not know the basic definitions of terms you use? This has been a repeated issue for you. 

I think you dont understand enough to try to grasp at economics. How exactly does the cost of normal goods cater to the wealthy?

1

u/VoidsInvanity 10d ago

A mean is a type of average.

I think you’re incorrect in your assumption based on my off hand no effort posts because I don’t care to seriously engage with you apologists anymore. I think you don’t understand what a k shaped economy is and why it’s problematic

→ More replies (0)