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enragedchowder

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enragedchowder , to worldnews in Chinese economy expected to have slipped into deflation as recovery falters

I’m not even sure what you’re taking about it. But from the worker/anti capitalist perspective, deflation is even worse. The working class, who holds huge amounts of debt like student loans, ends up paying more as the value of money decreases. Imagine all of your student debts increasing in real value over time, on top of the already existing interest rate.

enragedchowder , to worldnews in Chinese economy expected to have slipped into deflation as recovery falters

You don’t see how it’s a bad thing for people to have zero incentive to put money back into the economy? Everyone hoarding money and trying to spend as little as possible will surely have good results!

enragedchowder , to lemmyshitpost in Sweet tea

Do you actually think that 100% a tax burden will always fall on consumers?

enragedchowder , to lemmyshitpost in Sweet tea

It literally doesn’t. The price is the same either way. Reduced demand from the higher tax makes it so producers will lower prices. This is really basic microeconomics.

From Wikipedia: “tax burden does not depend on where the revenue is collected, but on the price elasticity of demand and price elasticity of supply”

en.m.wikipedia.org/wiki/Tax_incidence

enragedchowder , to lemmyshitpost in Sweet tea

It doesn’t make a difference which side you tax. If consumers are taxed then corporations will still feel it through reduced demand for their product. If corporations are taxed, consumers will still feel it through increased prices. The tax burden does not depend on who is taxed, but rather how elastic supply and demand are.

enragedchowder , to technology in The buttons on Zenith’s original “clicker” remote were a mechanical marvel

Thanks!

enragedchowder , to technology in The buttons on Zenith’s original “clicker” remote were a mechanical marvel

What’s the channel if you don’t mind sharing?

enragedchowder , to news in Family died in Rockies after trying to live ‘off the grid,’ official says

Lol this is ridiculous. I’ve been hiking in the Rockies plenty of times during the winter, as long as you take the proper precautions you will be fine.

enragedchowder , to cat in My bonded pair ❤️

So cute, what are their names??

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