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CarsAreBasic's avatar

This issue of inflation is not a small item and annoyance.

At a 5% bank CD you are losing approximately 20% buying power on each dollar you have. The wages and expenses tends to be "baked" into the economy. It inflation decreased to 2% you still have a destroyed buying power. How to get back the dollar strength? (here it comes) Deflation. Yep lower the price of goods and services, property, and WAGES.

Then there is the STOP government wage increases and tell civil servants the taxpayers demand a 2% roll back in wages. You know tell them we are not going to pay retirement and benefits the equivalent of millionaires of 20 years ago.

Watch Sacramento go nuts with the above. But then again they would face voter rebellion if the taxpayers voted with their wallets instead of ego and ideology.

Good article..... anyone notice the unnecessary and expensive curb work on outer State St.?????

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DANA NEWQUIST's avatar

Thanks Bonnie for this stimulating article!

1. The “Tip” choice concept came about around post Pandemic. I believe it caught many us us (consumers) off guard! Even when picking up “food to go”, we are confronted with a tip? Now, comes the question regarding that tip! Does each business honor the tip given or does a portion of the tip become additional profit?

2. Every “Business”, if you consider Government Business, has a “Pie”. The Pie is divided up into categories of expense. Every example of Business varies depending upon the mandates placed on that business. In Retail, if Labor exceeds 20%, the retailer might fail!

Government has so many mandates that most believe that they need staffing to manage the overwhelming tasks of compliance. Even so, most often when any project is contemplated, a “Study” is ordered at great expense for determination.

Another vulnerability of Government is Suit. Anyone or group has the right to sue over what they consider controversial, expensive!

Lastly, even during Economic Downturns, Government Employees enjoy giving themselves either raises or benefits or both.

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