scooter1 Loc: Yacolt, Wa.

JRiepe Loc: Southern Illinois

There is a bright side to this and that is his policies and spending will negatively hit those who voted for him as hard as it will for those who didn't.🤣 we'll all feel the misery together.

scooter1 Loc: Yacolt, Wa.

And we haven't even seen the worst yet.

JamesCurran Loc: Trenton ,NJ

Let's see...
- Peter Schiff is (according to Wikipedia) a stockbroker and radio host, but without any formal education on economic theory. That doesn't not make him a "leading economist" in any conventional sense of the term. (Also, according to his Wikipedia page, he's 6 months younger than me --- God, he looks ancient in that picture!)
- He does have a vested interest in rich people not being taxed.
- He has been promising hyperinflation since at least 2007. He's been wrong for the last 14 years; no reason to believe he's right now.
- He claims this inflation will be caused by "federal government...printing so much cash". But printing money is what governments do to pay bills INSTEAD of raising taxes. So, it seems he is arguing that we SHOULD tax the rich more.

scooter1 Loc: Yacolt, Wa.

Don't know about you but I've noticed an outrageous increase in prices for almost everything, especially fuel. You spent most of your post degrading the man and very little with a relevant argument as to the possibility of his statement being correct. Went to costco a couple of days ago and came out $500 poorer. That's usually a $250-300 trip. He is saying the middle class will be taxed and that statement is completely true. The corrupt democrat politicians don't think us everyday Joe's can figure that out. Sadly many can't.

Kraken Loc: Barry's Bay

Overall, we rate the New York Daily News Left-Center biased based on left-leaning editorial positions and High for factual reporting due to a reasonable fact check record. (5/18/2016) Updated (D. Van Zandt 8/30/2020)

JamesCurran Loc: Trenton ,NJ

So, it would seem that your thinking is totally given over to right-wing media. They went crazy over the "outrageous" price of gasoline -- when compared to this time last year. Except --- this time last year, we had just started the lockdown, no one was driving, and the glut of oil was so bad, that the producers were literally PAYING you to take it away.

The April 2021 Gas prices are exactly in line with the April 2019 & April 2018 prices.

Curtis_Lowe Loc: Georgia

Lets see indeed, we already have evidence of significant (compared to the last 14 years) inflation.

Inflation hits everyone except the rich hard, low and fixed income folks and the rising interest rates that accompany inflation are VERY damaging to the economy. We have printed an unprecedented amount of money in the last five years really the last 12 years.

People trying to get people to listen to them use Hyperpole like we only have 10 years left or global warming etc!

JamesCurran Loc: Trenton ,NJ

The April year-over-year inflation rate --- the number that got everyone panicky --- is illusionary. The CPI includes energy costs (i.e., the price of oil).

But, last April, the price of oil was artificially low, due to the glut caused by the start of the lockdown (Oil producers were literally PAYING people to take it away), while this April the price was artificially high due to the panic buying of gasoline due to the Colonial pipeline shutdown. Thinks will be back to normal next month.

dpullum Loc: Tampa Florida

JamesCurran said in part: Last April, the price of oil was artificially low, due to the glut caused by the start of the lockdown (Oil producers were literally PAYING people to take it away), while this April the price was artificially high due to the panic buying of gasoline due to the Colonial pipeline shutdown. Thinks will be back to normal next month."

Yes, the price was NEGATIVE $40 a barrel... they paid to have oil stored!!
Inflation: After graduating from college my first job was $2.50 an hour, second at University $2, and wow in the real industry $4.50. The price of a standard Chevy was $2000, Bread 25 cents, Gasoline 5 gallons for one dollar. So, I ask you, is inflation anything new? NO!

We as a nation trying to make ourselves great again, MAGA, can not go back to the 1960s, the roads and bridges do not auto repair. Much of our infrastructure is falling apart. We are far behind other nations in public transportation, no high-speed trains, expensive not universal health care, Women's rights turning back to the 1940s, we must think forward to survive.

Taxing the rich... well, historically we did and the economy survived. If most of us made a million in a year, would we cry if we made two and had to give back as tax $750,000... no not me... would you?

dlwhawaii Loc: Sunny Wailuku, Hawaii

Awesome sourcing, as usual. LOL

boberic Loc: Quiet Corner, Connecticut. Ex long Islander

You can call it any thing you like. But EVERYONE will either pay higher taxes or higher prices. So the end result will be the same. People will have less money. And with regard to inflation, Nixon is the main cause. Taking us off the gold stansard is the basic cause of inflation.

FRENCHY Loc: Stone Mountain , Ga

How many millionaires in the US?

How many peoples working in the US?

Wich one you think will fill the coffers?

Nalle Loc: Tellus

trainspotter Loc: Oregon