LogFAQs > #976896858

Ozmose posted...

Like the Inflation Reduction Act? The 740 billion dollar bill that does basically nothing to reduce inflation. They hope it will bring in 300 billion over the next decade. Super helpful.

Like the gas price gouging prevention act? Like the insulin price gouging prevention act?

The problem with inflation isn't simply that there's too much money, it's that too much of that money is being siphoned away by the leeches at the top and not trickling back down. If you want to mitigate that, you need to do things like implement a VAT, or adjust tax brackets to shift more of the burden to those who can afford it, or regulate the housing market to keep investors from pricing people out of having somewhere to live, or implement UBI. There's absolutely no chance the GOP would ever support such things, let alone propose them. The Democrats aren't particularly likely to push that far because they're similarly in bed with corporations, but the odds are nonetheless much, much better that they'll do something than that the GOP will.

Without measures specifically intended to stop wealth inequality from continuing to spiral out of control, the situation's going to get worse. Republicans won't take such measures. Quite the opposite: they'll cut taxes for the wealthy, distract everyone from the fact that they've done so by picking on whichever minority punching bag makes for the most effective culture war, slash a few programs for some short-term savings, then leave office just in time for the next Democratic president to have to solve the fallout from those decisions (fallout which, of course, the GOP will blame said president for).