Bad Bob Loc: Virginia

Milosia2 Loc: Cleveland Ohio

Am. vet isn’t going to like this one.

JFlorio Loc: Seminole Florida

Is anyone surprised that Americans say they want to tax the rich more? That stupid song has been played by the Democrats for ever. Kinda like having a poll asking Americans if they want free money? I think most would say yes. Progressives just don't care if it's someone else's money.

Blade_Runner Loc: DARK SIDE OF THE MOON

That just proves the stupidity of millions of voters. No doubt the damned fools actually believe raising taxes on the wealthy and corporations will have no effect on them.

The top wage earners and corporations already pay over 50% of the taxes, any increase will have disastrous results.

Consumer prices surge 5% annually, most since August 2008

U.S. consumer prices increased in May at the fastest annual rate in nearly 13 years as the economic comeback from COVID-19 lockdowns continues to build momentum.

The Labor Department said Thursday that the consumer price index in May rose 5% year over year, hotter than the 4.7% increase that was anticipated. The reading was above last month’s 4.2% print.

Prices jumped 0.6% month over month, quicker than the 0.4% increase that was expected by analysts surveyed by Refinitiv.

The annual data has a "base effects" skew due to the decline in prices that occurred at the start of the pandemic.

USED CAR PRICES HIT RECORD HIGH ON MANHEIM WHOLESALE INDEX

Used car and truck prices surged 7.3%, accounting for about one-third of the index’s gain. Food prices, meanwhile, rose 0.4% matching April’s increase. Energy prices were unchanged from April as a decline in gasoline prices was offset by an increase in natural gas and electricity costs.

Core CPI, which excludes food and energy, in May rose 3.8% annually, the most since June 1992. Core prices increased 0.7% month over month, outpacing the 0.4% increase that was expected. The index rose 0.9% in April.

Upward pressure on prices has appeared in wide swaths of the economy as businesses struggle to find materials due to supply chain bottlenecks that occurred as a result of the pandemic. Some businesses are also struggling to fill jobs because supplemental unemployment benefits have encouraged workers to stay home.

The hot inflation reading comes with the Federal Reserve next week set to hold its June policy meeting. Investors will be paying close attention to the central bank's comments on when it may start tapering its asset purchase program and begin raising rates.

Bad Bob Loc: Virginia

Blade_Runner Loc: DARK SIDE OF THE MOON

No one with more than two brain synapses firing likes this one.

JFlorio Loc: Seminole Florida

Excellent information Blade. One problem. The idiot progressives on here aren’t smart enough to understand what you posted.

Liberty Tree

How would they answer if told they were going to pay for it with higher costs for goods and services?

JFlorio Loc: Seminole Florida

Not sure progressives understand how that works.

Smedley_buzkill

We should tax the corporations more? Newsflash, you Liberal twits.... The US ALREADY has the highest corporate tax rate in the world. Why do you think so many of the corporations moved offshore, you morons? Go ahead, tax "the rich." Another newsflash for you clueless ones.... the truly rich have most of their money in tax shelters that were thoughtfully provided by a Democrat controlled Congress and White House years agone. Do you people actually think that these wealthy people support politicians and donate tens of thousands of dollars to politicians who are going to COST them money? These people already pay most of the taxes. The bottom fifty percent of wage earners mostly pay NO taxes. The truly rich pay very little, since they have their money protected. Who do you think is left to foot the bill? There will be no one, because the corporations have already moved offshore where they can make a profit. Go ask a poor man for a job. Rots of Ruck with that.

JFlorio Loc: Seminole Florida

Pretty sure you know I’m against raising taxes.

Gatsby

Politicus????? Damn but you fools are GULLIBLE.