LindaCollins11Real mystery π
Shailesh Kumar π«π―πΊπΈ@LindaCollins11 π€―π€¬
IvanTheBlue@LindaCollins11
If only there were historic examples of effective policy.
If only this had happened before and we wrote down how the problem was fixed.
If only some Great Depression had already been avoided, we could look and see how it was done.
Gosh, if only we had that and a President who wasn't bought and paid for, we'd have a decent chance of solving this problem.
If only...
SFborn1940@IvanTheBlue @[email protected] cial Nixon issued Executive Order 11615 (pursuant to the Economic Stabilization Act of 1970), imposing a 90-day freeze on wages and prices in order to counter inflation. This was the first time the U.S. government had enacted wage and price controls since World War II.
Nixon was a Republican.
Nixon was a Republican.
@trainman
Yeah, but did it work though?
Effective policy is effective policy. You're allowed to embrace one idea without subscribing to a whole ideology; if you found a gold ring in the trash, would you take the whole trash can home?
@IvanTheBlue As I recall it did more good than harm, as a temporary policy.
Toot Ξ©ncommon - SHUT πΊπΈ DOWN@LindaCollins11 Of equal importance, when consumer demand increases every time prices go up, that makes it impossible for sellers to decide to lower prices.
mkadir@LindaCollins11
When prices are not rising but corporate profits are, that means productivity is going up. Which is usually not a bad thing.
When prices are not rising but corporate profits are, that means productivity is going up. Which is usually not a bad thing.
This is Hell@LindaCollins11 @UKnoGum π€¬π€¬π€¬
Bob Wyman@LindaCollins11 There is no mystery concerning methods to restrain excessive corporate profit taking. During WWI and WWII, we had excess profits taxes that discouraged corporations from profiting off war. More recently, Sen. Warren and others have proposed similar taxes.
Ideally, we would have a progressive corporate tax that was indexed to the level of profit in excess of some "normal" level, say 10%. (i.e. The more profits exceed the "normal" level, the higher the tax rate.)
@bobwyman No mystery that needed explanation to me. I'm old & remember
Chris Ferdinandi@LindaCollins11 But people keep telling "the economy is doing great, actually" and something something something "Bidenomics."
@cferdinandi Yeah, I received an email just this morning from Rick Scott using the term Bidenomics to explain costs being high while he and the rest of the greedy corporate clowns continue to not pay their share of taxes.
@LindaCollins11 Fucking Rick Scott. Stupid super villain looking mother fucker.
@cferdinandi If a person could ever resemble a serpent, it's him. Inside & out
@LindaCollins11 Right? Voldermort ass looking piece of shit.
Gatekeeper..Rick Scott is another criminal the idiots of Floriduh elected, and believe he loves thems...I D I O T S
OtownKim@GatekeepKen @cferdinandi @LindaCollins11 Red tide Rick, little Bitch Rubio and DeathSantis need to go fuck off!!!!
@LindaCollins11 I've seen that term used both ways now. I tend to see moderate Democrats use it A LOT while touting vanity economic numbers to say "See, Bidenomics works!"
Didn't realize ~~fascists~~ the GOP were using it as a pejorative, too.
Meanwhile, we all lose.