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Life In America Has Never Been More Unaffordable Than It Is Right Now

Posted by freedomforall 1 year, 7 months ago to Politics
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Excerpt:
"Our standard of living is being systematically destroyed, but for a lot of years many Americans didn’t fully understand what was taking place because it was happening so slowly. But now we have reached a stage where the purchasing power of our money is collapsing and the cost of living has become exceedingly painful. Thanks to our rapidly rising cost of living, the middle class is becoming “the impoverished class”, and the poor are increasingly being pushed out into the streets. If we do not find a way to turn these trends around, it won’t be too long before we have tremendous societal turmoil on our hands.

Earlier today, I came across an article about a woman that found a receipt from Burger King that was dated August 10, 1986.

At that time you could buy a Whopper for just $1.54.

Today, that same Whopper will cost you $6.79…"
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Completely the fault of federal government and done so on purpose.
NIFO.


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  • Posted by $ Abaco 1 year, 7 months ago in reply to this comment.
    I am going to read this rant again! Not getting it yet...but my coffee hasn't kicked in.
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  • Posted by $ Abaco 1 year, 7 months ago in reply to this comment.
    This has been happening for the past 30 years in states that don't have a Prop 13-like law like California has. When the California migration to Puget Sound happened it tossed a lot of local retirees out of their homes because of this. Never seemed to be a news story for some reason...
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  • Posted by $ Abaco 1 year, 7 months ago
    This is an interesting read. All very true. I love the mention that "it was happening so slowly". I have several friends who've talked about "when the SHTF..." But, I always stop them and say it won't be a sudden event, but will be a slow, steady decline. But, it is really noticeable now, isn't it?

    I've been reworking what little wealth I've collected over the years and leaning heavily toward owning "things"...things that generate income. Securities are VERY risky lately, given the volatility brought on by a hawkish Fed, a proxy war with the world's biggest nuclear power, over 10,000 undocumented immigrants pouring into America every day, and a leader who can't speak. Nobody in the media is talking about "stagflation" anymore, but we're there. Good luck with that!

    Maybe if the nation survives this we can have a conversation about the (then) $36T hole we've dug. LOL...
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  • Posted by $ TomB666 1 year, 7 months ago
    I'm not sure I understand what mshupe means? If you are saying the money has lost value, that is correct and as freedom says it is the government that has caused that decline in value.
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  • Posted by mshupe 1 year, 7 months ago in reply to this comment.
    To continue, a personal computer is almost free when you compare inflation adjusted prices with computing power. To summarize, inflation is a monetary phenomenon (Milton Friedman), dollar prices fluctuate for many reasons, and there is a major cause of today's rising prices that is not monetary, but this article and most economic analysis ignores what it is.
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  • Posted by mshupe 1 year, 7 months ago in reply to this comment.
    Thanks for asking, and you're right, I could have been and should be more specific. My comment is based on title of the article and the first piece of evidence offered in its defense. To give the author credit, I agree that a Burger King Whopper in 1986 is largely identical today, so this may be a good reference, but the dollar price is not. A much better gauge would be the dollar price of gold - about $375 per ounce, and when this article was published gold was about $1,875. In other words, both have quadrupled in dollar price terms. This only proves that the Whopper ain't tellin' no Whoppers, but as to the headline, not so much. My point is that only a simpleton would use inflated dollars to draw these comparisons (the cost of a home example is equally absurd) to complain about inflation. That's like saying a turd sandwich doesn't taste good. To boot, today's color TV ain't your dad's color TV. A bag of pot ain't your dad's bag of pot. A Honda CRV ain't your dad's CRV. In fact, despite the government's assault on the middle class (which is real, they hate mass prosperity they didn't create), we continue to enjoy more, better, and cheaper - thanks to what's left of capitalism. And it's a lot. Equally absurd is to say, "the poor are being pushed out into the streets." By whom? Where? Typically, he cites no evidence or causality. The real problem is that LBJs Great Society created public housing known as urban plantations to help create fatherless families and generational dependency. This author would be better served to stop pretending to be an expert and understand the concepts of his complaints.
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  • Posted by mccannon01 1 year, 7 months ago
    Depending on where you live property taxes can go up considerably as home assessments increase with inflation. Retirees can find themselves paying more and more to stay in a house they may have paid off years ago. How long will it be before there are numerous older folks standing on the sidewalk looking at the house they paid off, but now the government has thrown them out of? The annual taxes on my house are now more than the mortgage I paid off back in the '90s.
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  • Posted by mshupe 1 year, 7 months ago
    This is article pure ignorance. Keep up the good work!
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