Inflation is already lowish in the US, the real problem is cost of living that shot up significantly. That being said, it's very likely that inflation will get worse with trump
this post was submitted on 07 Nov 2024
167 points (99.4% liked)
chat
8195 readers
207 users here now
Chat is a text only community for casual conversation, please keep shitposting to the absolute minimum. This is intended to be a separate space from c/chapotraphouse or the daily megathread. Chat does this by being a long-form community where topics will remain from day to day unlike the megathread, and it is distinct from c/chapotraphouse in that we ask you to engage in this community in a genuine way. Please keep shitposting, bits, and irony to a minimum.
As with all communities posts need to abide by the code of conduct, additionally moderators will remove any posts or comments deemed to be inappropriate.
Thank you and happy chatting!
founded 3 years ago
MODERATORS
If Trump had a Nixonian understanding of the economy, he could do some very funny things with price controls and tax cuts
But he doesn't so whether inflation prices go down is up to the various corporates and Federal Reserve
They also all think he's gonna legalize weed and recreational ketamine from my experience. But they mainly think he's going to somehow make everything half as cheap, but also round up and deport millions of people.
Trump is gonna personally buy me a house
The fed chair is going to be strong armed into reducing the already meager interest rates. That will surely fix inflation
Politicizing the Fed - which is something Trump and the GOP are absolutely going to do - is great for the accelerationists. The Fed was always political to an extent but they’re a key cog in the imperialism machine. Force to make short-term politically based actions and they will hurt America’s imperialism in the long run.
That’s cute
He’s gonna abolish tax on tips
Firstbof all no he absolutely is not second of all most people don't pay taxes on their tips already.
He might abolish tax on tips if the law is written in a way that billionaires can "tip" each other
load more comments
(3 replies)
would be curious to know the stats on tips being paid on a card vs tips being paid in cash. I don't see or use a lot of cash anymore, especially since covid. though cash is pretty invisible, so collecting that data would be impossible.
when people get tipped out on credit card transactions, I would assume that is reported as income via the restaurant/bar/etc. if so, my from the hip shit is that a lot of tips are taxed.
it's definitely something my hospitality pals complain about, though none of them are chuddy lol and aren't expecting any fix there.
When I waited tables like 20 years ago, credit card tips were already around half of my tips. The places I worked, it was all tied into the computer, so when you cash out and it asks you how much you made in tips, the credit card tips were already filled in. I bet it's more like 95% cards now.
load more comments
(1 replies)