Top Inflation Cause — 54% Corporations Robbing You
.” There were 230 comments, including some really good ones. But the most useful of all was a comment directing me to a presentation by Representative Katie Porter regarding the core cause of inflation in recent years. There are several global factors influencing inflation , but nothing holds a candle to the inflation that is coming from corporations deciding to rob you.
Of course, we can’t legitimately say “rob,” since we are giving them our money. But the point is that if you want to buy what you’re used to buying, corporations have used the other disruptions to see how much extra they can charge you.
Representative Porter discusses this matter at length and in more detail in the following interview with Jon Stewart:Now, how to stop corporations from robbing us? Raising interest rates isn’t the best solution. Pushing for greater unemployment isn’t the best solution. Forcing corporations to not price gouge in times like these is the best solution.
Election Day is tomorrow in the United States. There are other reasons to go out and vote for Democrats — it is the only party that will act on the federal level to fight climate change — but the fundamental economic challenge of the moment is front of mind for most of the public, and brought back to front of mind every time we go to the grocery store.
Whether we’re talking electric vehicle prices, the cost of other cleantech products, or just about anything else that’s rising in price as inflation rises , if you want relief, know that Republicans are not going to bring down prices — at least, not by any method aside from crashing the economy. They will fight and vote against climate action, clean energy progress, democratic institutions, and efforts to rein in greedy corporations, though.
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