Today at the full assembly of the european parliament, they discussed the biggest concern for the union...

[EyeBRollin]

Aren't those also the states with the highest property tax rates and income tax rates where people and businesses are fleeing because housing is skyrocketing and there are legions of homeless people wandering the streets.....???.....

Didnt CA tax their residents for a high speed rail train that never materialized....?????... Which was one of many outrages taxes imposed on the citizens to subsidize pet projects that dont even benefit the citizens....????....

PS::: Didnt CA also pass AB5 which hurts Uber/Lyft drivers, makeup artists, set technicians and pretty much all private contractors working in Hollywood in an attempt to get more payroll tax revenue.....????....
My spidey senses tell me that's kinda leftist......

No, those are just talking points. Have you ever been to New York? It’s so “bad for business” that there is new construction on every street corner.

 

[Xenom0rph]

No, those are just talking points. Have you ever been to New York? It’s so “bad for business” that there is new construction on every street corner.

It's so bad for business that Amazon pulled out of a deal to build their HQ2 there.....

 

[EyeBRollin]

It's so bad for business that Amazon pulled out of a deal to build their HQ2 there.....

...and?

 

[Xenom0rph]

...and?

......and sadly, New York has lost the 25,000 HQ2 jobs that would have helped struggling communities..... yet another example of how socialism will always keep poor people poor and rich people rich....

New York will lose the bulk of the 25,000 jobs that were promised by Amazon HQ2

Amazon will instead fill the positions in cities throughout the country.

www.cnbc.com

 

[EyeBRollin]

......and sadly, New York has lost the 25,000 HQ2 jobs that would have helped struggling communities..... yet another example of how socialism will always keep poor people poor and rich people rich....

New York will lose the bulk of the 25,000 jobs that were promised by Amazon HQ2

Amazon will instead fill the positions in cities throughout the country.

www.cnbc.com

This is sad. You actually believe New York is “socialist” and economically depressed. You really need to travel more.

 

[RickTheToad]

Why would you want to reduce inflation?



You listed the most prosperous states that are home to Silicon Valley, Wall Street, Hollywood, Gold Coasts, Amazon / Microsoft / Boeing HQ, and the Pharmaceutical capital of the world... and you think they’re socialist?

Yea.

 

[EyeBRollin]

Yea.

You must have some alternative definition to socialism. Can you elaborate?

 

[RickTheToad]

You must have some alternative definition to socialism. Can you elaborate?

Hmm. You live in NYC. Yes? Are you a business owner or have any self-employment side hustles?

 

[Zontyy]

Every time our overvalued us stock markets go down, our central bank rushes in with a new brilliant plan to prop it all back up. They cut rates to zero, then started buying crappy corporate junk bonds that no one else wants. Just this past week the fed said they will start buying individual bonds directly from corporations. They are forbidden by statute from buying stocks, but I could see that law being changed. The government has the funny money printing press on overdrive. They could just keep buying assets until they own everything.

Then you are going to see a zombie economy like japan.

 

[Bible_Belt]

You must have some alternative definition to socialism.

It's pretty funny that anyone who says healthcare is a human right is dubbed a socialist, but no one is objecting to the fed buying massive amounts of corporate balance sheets, as if government ownership of private industry isn't socialism.

 

[EyeBRollin]

Hmm. You live in NYC. Yes? Are you a business owner or have any self-employment side hustles?

Please elaborate on how New York is socialist.

 

[ImTheDoubleGreatest!]

Why would you want to reduce inflation?

Did you really ask that?

Ummmmmmmmmmmmmmmmmmmmmm, MAYBE it’s because I don’t want the cost of living to be so damn high.........just.....MAYBE.............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................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.

 

[RickTheToad]

Please elaborate on how New York is socialist.

Answer the question first.

 

[EyeBRollin]

Did you really ask that?

Ummmmmmmmmmmmmmmmmmmmmm, MAYBE it’s because I don’t want the cost of living to be so damn high.........

Inflation is preferred to its alternative (deflation). It’s hedged in asset holdings (stocks, real estate) which all of us should own. Why do you fear it so much?

 

[EyeBRollin]

Answer the question first.

Thats not an answer. Why is New York “socialist?”

 

[Mike32ct]

Inflation is preferred to its alternative (deflation). It’s hedged in asset holdings (stocks, real estate) which all of us should own. Why do you fear it so much?

Are you going to sell your stocks and/or your house to cover the rising cost of living?

 

[EyeBRollin]

Are you going to sell your stocks and/or your house to cover the rising cost of living?

Are you suggesting the cost of living should remain constant?

 

[Mike32ct]

Are you suggesting the cost of living should remain constant?

In an ideal world, yes. But I know that’s not reality due to greed.

 

[EyeBRollin]

In an ideal world, yes. But I know that’s not reality due to greed.

Bad idea. That ideal world would have a terrible economy.

 

[Who Dares Win]

Inflation favours debtors, deflation favours creditors and this happens both in micro and macro economy.

In my opinion a certain degree of inflation is necessary especially when its old retired people who owns their own house and have access to healthcare to be the main holder of liquidity.