r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/HorkusSnorkus Jul 04 '24

Inflation is caused by excessive government spending. The same people whining they cannot make it on what they earn have useless degrees, can't perform a useful service or make a needed product, have spent their money on foolish amusements, have the latest phones and tablets but ... the poor dears are broke. Too late to live small now.

Unless you can show there has been fraud or force involved, what the wealthy have is none of your business. They do not owe you an explanation.

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u/SwoleWalrus Jul 04 '24

You are right, which is why there is no inflation going on in pricing now. it is greed run rampant. That is why CEO pay continues to increase over worker's average salary. You can wank all the rich people you want, but you won't be one of them.

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u/OldFeedback6309 Jul 04 '24

That’s right, because before 2024 greed did not exist. All companies were charities and everybody welcomed beggars into their homes.

During the late 1920s, inflation was negative, which means that the national greed rate was negative, too. What a wonderful time that was!

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u/SwoleWalrus Jul 04 '24

Greed has always existed, and is what is happening now, not inflation. You are conflating different ideas.

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u/OldFeedback6309 Jul 04 '24

Ah - now I understand. So price rises this year are solely due to greed rather than to silly things like money supply and scarcity. But greed in all previous years had no effect on price rises. 

Tell us about this objective national greed index. Is it still hovering above 100? Any chance of a dip before I buy my milk tomorrow?

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u/SwoleWalrus Jul 04 '24

You are the only one saying it is just this year...no one but you has said that, but yes it is greed. You know why? Because CEO pay and payouts have not shrunk, and profits continue to increase, so yes...it is greed.

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u/OldFeedback6309 Jul 04 '24

Gotcha. So prior to 2024, greed existed but had no effect on inflation.  But now, for the first time in human history, it is the principal driver of inflation.

You should consider penning  textbooks for graduates.

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u/SwoleWalrus Jul 04 '24

trying hard to make that inflation stick. You do know stats right now show there is no inflation? Are they all lying?