{"id":5215,"date":"2023-08-26T19:51:40","date_gmt":"2023-08-26T19:51:40","guid":{"rendered":"https:\/\/wifamily.news\/?p=5215"},"modified":"2023-08-26T20:23:09","modified_gmt":"2023-08-26T20:23:09","slug":"inflation-government-theft-up-against-the-wall-column","status":"publish","type":"post","link":"https:\/\/wifamily.news\/?p=5215","title":{"rendered":"Inflation = Government Theft [Up Against the Wall Column]"},"content":{"rendered":"

This post originally appeared at https:\/\/www.wisconsinrightnow.com\/biden-inflation\/<\/a><\/p>\n

\"biden<\/p>\n

Inflation is just another way that the government steals your money. The first way is taxation.<\/p>\n

The second way is borrowing (God help us if the Legislature ever gives the UW its borrowing authority), and the third way is inflation. Inflation is caused by too much money chasing too few goods. The government (via the geniuses at the Fed) prints too much money because doing so is free to them; it\u2019s not borrowing or taxing and so those in power think it\u2019s a secret way to create more money without suffering the wrath of the people. In this case, Biden printed $6 trillion.<\/p>\n

What\u2019s the true impact of inflation? It\u2019s when the UW raises the price of tuition so high that working full-time year-round can\u2019t cover the cost, as compared to when I was in college; back in the 1980\u2019s I could work full-time for the summer only and cover the cost of my tuition for the entire year. That\u2019s inflation. Likewise, when I was in college a one-day ski pass cost me $22.<\/p>\n

That was equal to 6.28 hours of work. Today, a ski pass at the same major western resorts will cost $300! Insane. At $15 per hour, that\u2019s 20 hours of work, or more than 3 times the work for the same benefit. That\u2019s inflation.<\/p>\n

Eggs are another great example. A dozen used to cost less than a dollar 20 years ago, but under Biden, the price shot up to almost $5! Eggs used to be the most affordable protein; a great way for college students or those with less money to feed themselves, but nope, not under Biden. Biden\u2019s administration has also caused a number of shortages, causing the prices to skyrocket. Baby formula, oil and energy, and more. I cite baby formula as a prime example of Bidenomics \u2013 his administration shut down a plant-making formula \u2013 causing supplies to dwindle and prices to soar, but hey, he doesn\u2019t care. He\u2019s in la-la land.<\/p>\n

And the people who work for him don\u2019t have a clue what they are doing, which is why we have this extreme inflation. Shut down the economy, close manufacturing plants, shut down pipelines, cut off supplies and you\u2019ll have a disaster manufactured by the Democrats and their allies in the media. And we all know what a disaster is good for \u2013 so they can justify stealing your stuff and stealing your freedom \u2013 telling you what you can and cannot do, where you can go, what you can buy, and who you can stand near within six feet.<\/p>\n

Forget all the other issues; it\u2019s about freedom. If you love freedom, vote Republican; if you love a big government that is going to dictate to you precisely every move in your life, vote for Democrats. All the other issues can be debated, but freedom is not debatable. And they\u2019re out to steal it, just like Hitler, Stalin, and all the other dictators of world history; the progressive wing of the Democratic Party is just more sneaky about it.<\/p>\n

And now they\u2019ve figured out another way to steal your hard-earned money \u2013 through inflation. Do you think this is by accident? It ain\u2019t. The Dems are fully aware that as you earn more money, you bump into higher and higher tax brackets on every marginal dollar you earn. With inflation, they\u2019ve managed to force up wages \u2013 which will allow them to extract more tax revenue out of you \u2013 but you don\u2019t have any more buying power due to inflation in the price of goods and services.<\/p>\n

So you find yourself earning more on paper, but taking home less \u2013 first, because you\u2019ll pay more in taxes, (surprise America, many of you are just figuring this out this year when you file your tax returns). When you consider your net income after taxes, you then have less to buy stuff with \u2013 but with the prices so high, you can\u2019t buy as much as you used to either. So you\u2019re actually worse off with your higher wages, given Biden\u2019s inflation and your higher taxes.<\/p>\n

But America gets what it deserves; so long as half the country votes for this idiot and a few others can cheat their way into extra votes, they can control the election outcomes. Back in the 1980\u2019s, that wasn\u2019t true, and the American people proved that they were smarter by voting out the prior inflation king, Jimmy Carter. But here we have a worse situation, and they\u2019ll still vote for Biden. Where does it end? Badly, unfortunately.<\/p>\n

T. Wall holds a degree from the UW in economics and an M.S. in real estate analysis and valuation and is a real estate developer. Disclaimer: The opinions of the writer are not necessarily those of this publication or the left!<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This post originally appeared at https:\/\/www.wisconsinrightnow.com\/biden-inflation\/ Inflation is just another way that the government steals…<\/p>\n","protected":false},"author":39,"featured_media":5217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-5215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wi-right-now"],"_links":{"self":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/5215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5215"}],"version-history":[{"count":2,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/5215\/revisions"}],"predecessor-version":[{"id":5218,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/5215\/revisions\/5218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/media\/5217"}],"wp:attachment":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}