CelloMom On CarsWhat's eating your wallet?
Inflation and the rising cost of living are knocking holes in our budgets, and several things are contributing.
A thread of threads.
1/N
Extreme weather driven by climate change is doing a number on crops around the world.
And because we import a lot of our food, we see the effects in our grocery bills.
This is an example of climate driven inflation.
https://mastodon.social/@CelloMomOnCars/110721099871559394
2/N
Extreme weather driven by climate change is doing a number on our homes, and insurance companies are passing on the cost of rebuilding in the form of higher insurance rates. Very high insurance rates.
https://mastodon.social/@CelloMomOnCars/110184752558119565
3/N
The cost of energy to heat and cool your house, and the electricity to run its appliances are rising fast.
There are many reasons for this, including the need to upgrade the grid for the electrification of everything, but data centers play a very prominent role.
Somewhere in this thread:
“My prediction would be that electric prices are going to be to the 2026 election what egg prices were to the 2024 election,” said McKibben.
https://mastodon.social/@CelloMomOnCars/112877860867734224
4/N
The war in Iran has led to spiking prices within days. If prolonged, it could lead to real disruption more broadly. Translation: things become more expensive.
As Paul Krugman has written,
"Why are Americans so negative about this war?
...
Third, the public senses, also correctly, that the little people will bear this war’s cost."
https://mastodon.social/@CelloMomOnCars/116160067374973274
5/N
Profit taking
Privatisation
and other wealth transfer
6/N
"When Americans pay $3.50 for a gallon of gas at the pump instead of the $2.80 they paid a month ago, it is akin to the government imposing a 70-cent-per-gallon tax. The same goes for higher prices for home heating oil and fossil gas. They’re the same as a major tax increase.
The big difference is that instead of the money going to the government, as it would with a tax, it’s going to the oil and gas industry—Trump’s campaign contributors."
https://themoneytrail.substack.com/p/on-the-money-who-really-benefits
I_give_u_worms@CelloMomOnCars #OperationEpsteinFury seems like a lot of cost to pay for a drunk to do a double tap strike on a girl's school
i mean on top of paying the proud boys to kill women, health care workers, put guest workers in a camp instead of ever doing anything to discourage employers at all