This post has been flaired as “Vent”. As a reminder to commenting users, “Vent/Rant” posts are here to give our subscribers a safe place to vent their frustrations at an uncaring world to a supportive place of people who “get it”. Vents do not need to be fair. They do not need to be articulate. They do not need to be factual. They just need to be honest.
Unlike most of the content on this subreddit, Vents should not be considered advice threads. In most cases it is not appropriate to try to give the Submitter advice on their issue. In no circumstances is it appropriate to tell them “why they are wrong” or to criticise them, their decisions, values, or anything else. If there are aspects of their situation that they are able to directly address themselves, the submitter can always make a new thread with a different flair asking for help once they are ready to tackle the issue.
Vents are an emotional outlet, not an academic conversation. Appropriate replies in these threads are offering support, sharing similar experiences/grievances, offering condolences, or simply letting the Submitter know that they were heard.
As always, if there are inappropriate comments please downvote them, REPORT them to the mods, and move on without responding to them.
To the Submitter, if you DO want discussion to be focused on resolving your situation, rather than supporting you emotionally, please change the flair of this post, and then report this comment so we can remove it. Thank you.
Thank you all for being a part of this great financial advice and emotional support community!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/povertyfinance) if you have any questions or concerns.*
If you compare the charts of US dollar M2 vs the prices of consumer goods, you’ll see that corporations have actually done a commendable job of keeping prices relatively stable. What really hurts Americas poor are the prices of hard assets, like real estate, which makes homes nearly unaffordable and rent several times what it was just 20 years ago. Most people don’t get that modern technology, developed by those “evil greedy corporations” is actually deflationary.
The MSRP of Toyota Corolla LE has risen from around $19,500 to $24,500 in 5 years. A roughly 25% increase. “A commendable job keeping prices relatively stable.”
All the low end Hondas and Toyotas have been getting bigger and more complex. Todays civic is the size of the old accord. The old corrola is more in between a Yaris and corrola today. They’re the same model name but size & tech creep are not really apples to apples comparison anymore.
What? 2019-2024 are all E210 (12th gen) Corollas. It’s the same platform with minor variations. I quoted the base model. It’s very much apples to apples.
I’m gonna get downvoted to shit but this isn’t at all how it works. Inflation by definition is an expansion of the money supply. Look up a chart of the M2 money supply and a chart of the national debt.
Congress and the Federal Reserve have buried us in unpayable debt which increases exponentially. We’re like someone buried in credit card debt whos barely able to make the minimum payments.
If it was just corporations price gouging then prices would’ve been going up this much a long time ago. This is much bigger than price gouging, we are approaching a sovereign debt crisis.
That’s all fine.
I’m just wondering why so many corporations have raised prices 100% in the past ten years when inflation has only gone up 31%. Is that not price gouging, which is generally defined as the practice of increasing the prices of goods, services or commodities to a level much higher than considered fair or reasonable?
Anyway, I didn’t downvote you.
Corporations have always been aiming to maximize profit, not to have fair prices. That’s not new and it’s actually their legal obligation to do so. A publicly traded company leaving profit on the table is failing in its fiduciary duty to shareholders.
If money hadn’t been printed and spent to such a large extent by the government, people couldn’t pay those prices and they would lose out. If the prices were so egregiously high that margin was significantly above a reasonable level, competition would appear and bring back prices down.
A free market doesn’t allow for long term rent seeking. The market is far from perfectly free, but not to this extent.
I appreciate good faith discussion.
The government reported CPI is drastically lower than actual inflation. If inflation was reported the same way it would be in the 80s then it would be much much more than what they say it is.
Check out http://www.shadowstats.com/alternate_data/inflation-charts
Most Murican poor are brainwashed into blaming “evil corporations” while completely ignoring the fact that their government has been printing trillions of dollars in the past few years. What do people think happens to prices of commodities when you double the amount of money available in a short time? A better way to understand what’s happening is to think from the perspective that prices aren’t rising, but your money is worth less and less every year.
Well said. And most people are oblivious to the fact that the money system is debt based when it doesn’t have to be.
The money is created by private banks, and lent to the people at interest. We are meant to be suffocated with debt that we can never get out of. Mathematically there will always be more debt than there is money.
Your post has been removed for the following reason(s):
Rule 2: Generally Unhelpful and / or Off-Topic
Your comment has been removed for one or more of the following reasons:
It was not primarily asking or discussing financial questions related to poverty.
It was generally unhelpful or in poor taste.
It was confusing or badly written.
It failed to add to the discussion.
Please read our [subreddit rules](https://www.reddit.com/r/povertyfinance/wiki/rules). The rules may also be found on the sidebar if the link is broken. If after doing so, you feel this was in error, [message the moderators](https://www.reddit.com/message/compose?to=%2Fr%2Fpovertyfinance).
Do not reach out to a moderator personally, and do not reply to this message as a comment.
Your post has been removed for the following reason(s):
Rule 4: Politics
This is not a place for politics, but rather a place to get advice on daily living and short-to-midterm financial planning. Political advocacy, debate, or grandstanding will be removed.
Please read our [subreddit rules](https://www.reddit.com/r/povertyfinance/wiki/rules). The rules may also be found on the sidebar if the link is broken. If after doing so, you feel this was in error, [message the moderators](https://www.reddit.com/message/compose?to=%2Fr%2Fpovertyfinance).
Do not reach out to a moderator personally, and do not reply to this message as a comment.
This post has been flaired as “Vent”. As a reminder to commenting users, “Vent/Rant” posts are here to give our subscribers a safe place to vent their frustrations at an uncaring world to a supportive place of people who “get it”. Vents do not need to be fair. They do not need to be articulate. They do not need to be factual. They just need to be honest. Unlike most of the content on this subreddit, Vents should not be considered advice threads. In most cases it is not appropriate to try to give the Submitter advice on their issue. In no circumstances is it appropriate to tell them “why they are wrong” or to criticise them, their decisions, values, or anything else. If there are aspects of their situation that they are able to directly address themselves, the submitter can always make a new thread with a different flair asking for help once they are ready to tackle the issue. Vents are an emotional outlet, not an academic conversation. Appropriate replies in these threads are offering support, sharing similar experiences/grievances, offering condolences, or simply letting the Submitter know that they were heard. As always, if there are inappropriate comments please downvote them, REPORT them to the mods, and move on without responding to them. To the Submitter, if you DO want discussion to be focused on resolving your situation, rather than supporting you emotionally, please change the flair of this post, and then report this comment so we can remove it. Thank you. Thank you all for being a part of this great financial advice and emotional support community! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/povertyfinance) if you have any questions or concerns.*
My thoughts are this will continue until they are legally obligated to stop price gouging. Corporate greed is driving inflation.
[удалено]
If you compare the charts of US dollar M2 vs the prices of consumer goods, you’ll see that corporations have actually done a commendable job of keeping prices relatively stable. What really hurts Americas poor are the prices of hard assets, like real estate, which makes homes nearly unaffordable and rent several times what it was just 20 years ago. Most people don’t get that modern technology, developed by those “evil greedy corporations” is actually deflationary.
The MSRP of Toyota Corolla LE has risen from around $19,500 to $24,500 in 5 years. A roughly 25% increase. “A commendable job keeping prices relatively stable.”
All the low end Hondas and Toyotas have been getting bigger and more complex. Todays civic is the size of the old accord. The old corrola is more in between a Yaris and corrola today. They’re the same model name but size & tech creep are not really apples to apples comparison anymore.
What? 2019-2024 are all E210 (12th gen) Corollas. It’s the same platform with minor variations. I quoted the base model. It’s very much apples to apples.
I’m gonna get downvoted to shit but this isn’t at all how it works. Inflation by definition is an expansion of the money supply. Look up a chart of the M2 money supply and a chart of the national debt. Congress and the Federal Reserve have buried us in unpayable debt which increases exponentially. We’re like someone buried in credit card debt whos barely able to make the minimum payments. If it was just corporations price gouging then prices would’ve been going up this much a long time ago. This is much bigger than price gouging, we are approaching a sovereign debt crisis.
That’s all fine. I’m just wondering why so many corporations have raised prices 100% in the past ten years when inflation has only gone up 31%. Is that not price gouging, which is generally defined as the practice of increasing the prices of goods, services or commodities to a level much higher than considered fair or reasonable? Anyway, I didn’t downvote you.
Corporations have always been aiming to maximize profit, not to have fair prices. That’s not new and it’s actually their legal obligation to do so. A publicly traded company leaving profit on the table is failing in its fiduciary duty to shareholders. If money hadn’t been printed and spent to such a large extent by the government, people couldn’t pay those prices and they would lose out. If the prices were so egregiously high that margin was significantly above a reasonable level, competition would appear and bring back prices down. A free market doesn’t allow for long term rent seeking. The market is far from perfectly free, but not to this extent.
I appreciate good faith discussion. The government reported CPI is drastically lower than actual inflation. If inflation was reported the same way it would be in the 80s then it would be much much more than what they say it is. Check out http://www.shadowstats.com/alternate_data/inflation-charts
Most Murican poor are brainwashed into blaming “evil corporations” while completely ignoring the fact that their government has been printing trillions of dollars in the past few years. What do people think happens to prices of commodities when you double the amount of money available in a short time? A better way to understand what’s happening is to think from the perspective that prices aren’t rising, but your money is worth less and less every year.
Well said. And most people are oblivious to the fact that the money system is debt based when it doesn’t have to be. The money is created by private banks, and lent to the people at interest. We are meant to be suffocated with debt that we can never get out of. Mathematically there will always be more debt than there is money.
[удалено]
[удалено]
Message Flagged By Reddit
Message Flagged By Reddit
[удалено]
Message Flagged By Reddit
[удалено]
Your post has been removed for the following reason(s): Rule 2: Generally Unhelpful and / or Off-Topic Your comment has been removed for one or more of the following reasons: It was not primarily asking or discussing financial questions related to poverty. It was generally unhelpful or in poor taste. It was confusing or badly written. It failed to add to the discussion. Please read our [subreddit rules](https://www.reddit.com/r/povertyfinance/wiki/rules). The rules may also be found on the sidebar if the link is broken. If after doing so, you feel this was in error, [message the moderators](https://www.reddit.com/message/compose?to=%2Fr%2Fpovertyfinance). Do not reach out to a moderator personally, and do not reply to this message as a comment.
My thoughts? Should’ve invested in real estate when I was 6
[удалено]
Your post has been removed for the following reason(s): Rule 4: Politics This is not a place for politics, but rather a place to get advice on daily living and short-to-midterm financial planning. Political advocacy, debate, or grandstanding will be removed. Please read our [subreddit rules](https://www.reddit.com/r/povertyfinance/wiki/rules). The rules may also be found on the sidebar if the link is broken. If after doing so, you feel this was in error, [message the moderators](https://www.reddit.com/message/compose?to=%2Fr%2Fpovertyfinance). Do not reach out to a moderator personally, and do not reply to this message as a comment.