Eusebius
eusebi.bsky.social
Eusebius
@eusebi.bsky.social
Coffee brewing, EU simping, establishment shilling, public transportation-pilled 🇪🇺🇩🇰🇺🇲
Americans are allergic to characters outside the English alphabet. Don't even try.
December 1, 2024 at 10:09 PM
That's not responsive to what I said.

Pf course rich people are resistent to taxation. That has nothing to do with inflation. And as I underlined in another reply, not expansion of money supply is equal. If people are just buying assets with extra cash, that does nothing for tge price of bread.
November 30, 2024 at 7:04 PM
Also, if you think I'm a conservative or a Trump fan, you're dead wrong. I don't know why you're so combative.
November 30, 2024 at 7:01 PM
It was caused by supply depression from logistic issues and decreased production cuz people were not working, plus stimulus. More dollars in the hands of regular folks chasing fewer goods.
November 30, 2024 at 7:00 PM
Please. You don't know anything.

Central banks have been doing QE for decades with little tangible impact on inflation. Total money supply means very little for CPI inflation if all of the cash injection goes to capital assets. Covid-inflation was clearly a break from normal market rules.
November 30, 2024 at 6:59 PM
No, wtf. I'm just saying that the reason you gave was probably not a great one. If you just want to reduce inequality, yeah, income tax is a part of that. But don't delude yourself into thinking that income tax on millionaires would've made a dent in the inflation crisis that we're thankfully out of
November 30, 2024 at 6:55 PM
Eh, mega rich people are not spending that much on goods. Money that people make above a certain threshold is just gonna be chilling in stocks. The post covid inflation came from bigger supply-demand factors.
November 30, 2024 at 6:48 PM
Did I ever say we shouldn't tax billionaires??

Granted, I'm not for a 95% income tax, which is gonna do very little about billionaires. I'm not against matching capital gains to income taxes tho.
November 30, 2024 at 10:32 AM
Congratulations, you just underlined my point that it's a systemic failure. If business owners can get away with paying poor wages and exploiting people, that means big corps will always do that to gain a market advantage. Sorry I'm not interested in circle-jerking about how billionaires are immoral
November 30, 2024 at 10:29 AM
Gyessing those countries are where safe tap is universally available. They may drink tap in some/most places in the other countries, but it wouldn't surprise me if they don't guarantee drinkable tap for the entire population. I remember when even tap in Italy was still bad in a lot of places.
November 27, 2024 at 8:07 AM
Is that based on a study or anything? I'd imagine that supply/demand factors at least have some influence.
November 24, 2024 at 6:50 PM
From what I understand, affordable housing is actually an incredibly good investment. Steady demand, subsidized, consistent cash flow. The only reason I can see for not investing in that would be for certain neighborhoods where you expect a big increase in property values or something.
November 24, 2024 at 11:45 AM
Rape, SA and traficking is not "freaky"
November 24, 2024 at 11:29 AM
Flavored coffee is a scam. Buy shitty beans for $/lb, roast, add random flavors, resell at $10-20 for 10 oz
November 24, 2024 at 9:00 AM
And no, tight labour markets are not a function of the powers that be or whatever. It's actually a good thing. It means there's demand and room for the economy to grow. As people on the left (I'm guessing?) We should be happy about the tight market because it puts upwards pressure on wages.
November 23, 2024 at 10:52 PM
Because we don't want the standard of living we had a century ago, wdym?

Maybe we're 10 times more productive, but we also have 10 times more/better shit.

Look, I'm not principally opposed to your utopian vision here, but my point is just that there's not really much to fear about outsourcing.
November 23, 2024 at 10:50 PM
As for lower work standards, that's trivially true. Less developed countries have worse work environments. Is that supposed to me we shouldn't give them business??

That argument on its own just seems planely stupid. As tgese countries develope their standard of life goues up too. Look ar Taiwan.
November 23, 2024 at 3:03 PM
Some local communities suffer temporarily when the productive modes of the economy change.

If every time this happens, we freak tf out, we create an economy impervious to change.

it's so funny cuz the unemployment rate in the rust belt is actually not even an issue. All the markets ar tight.
November 23, 2024 at 3:00 PM
1/2) Yeah, if we lived in a world where people were lacking in employment opportunities, I could agree that trading growth for jobs might be the right thing to do.

We don't.

We have insanely tight labor markets all over the western world.
November 23, 2024 at 2:55 PM
Oh, lol

Didn't read it right.
November 21, 2024 at 2:21 PM
Well it's true for both the US and the EU where I live. I can't see how it hurts the rest of the world either.

If companies can grow via outsourcing or automation, that just makes our economies way more productive, no?
November 21, 2024 at 1:27 PM