3 ms·

Since they instituted the communist economic system that makes it impossible to save capital by draining the purchasing power of the currency at an exponential

by edoo 7y ago

Since they instituted the communist economic system that makes it impossible to save capital by draining the purchasing power of the currency at an exponential rate the working class has been on a steep downhill decline. I think it is pretty obvious at this point the experiment has failed.

perl4ever 7y ago
I'm sure this will convince nobody of anything, but inflation in the US in July was 1.8% (annualized) in July, and a Vanguard money market fund was yielding 1.9% recently. What more can you ask, whether you're ranting in favor of or against socialism? Risk free returns maintain your purchasing power, while at the same time, you get essentially nothing for taking no risk with capital. This seems exactly how it should work in a perfect system...doesn't it?
- lotsofpulp 7y ago
  I know all the academic work that goes into calculating inflation, but it’s never tracked to my comings and goings in a very high COL area. My health insurance premiums alone just increased 10%, not even counting the increases in deductible, copay, and oop max.
  - tmaly 7y ago
    There are serious consequences to calculating inflation. If the published number spikes, so does the COL adjustments for social security. This would easily put the government underwater.
  - perl4ever 7y ago
    I was just reading a news article that claimed ACA premiums are down like 4%. Then again, now that I have an employer-provided plan (since about 5 months ago) (that appears to be worse than the ACA option) it's going up noticeably for 2020. The smallest reform to the healthcare system that I think would be substantially beneficial, is just to let ACA plans compete for employed people on an equal basis. It's unreasonable that once you have a job then you have to pay way more for a marketplace plan. I'm nowhere near my deductible for the forseeable future, but certain office visits doubled in price just because I have a job with a temp agency that provides shitty insurance that effectively disqualifies me for an ACA plan.

by edoo 7y ago

perl4ever 7y ago

I'm sure this will convince nobody of anything, but inflation in the US in July was 1.8% (annualized) in July, and a Vanguard money market fund was yielding 1.9% recently. What more can you ask, whether you're ranting in favor of or against socialism? Risk free returns maintain your purchasing power, while at the same time, you get essentially nothing for taking no risk with capital. This seems exactly how it should work in a perfect system...doesn't it?

lotsofpulp 7y ago
I know all the academic work that goes into calculating inflation, but it’s never tracked to my comings and goings in a very high COL area. My health insurance premiums alone just increased 10%, not even counting the increases in deductible, copay, and oop max.
- tmaly 7y ago
  There are serious consequences to calculating inflation. If the published number spikes, so does the COL adjustments for social security. This would easily put the government underwater.
- perl4ever 7y ago
  I was just reading a news article that claimed ACA premiums are down like 4%. Then again, now that I have an employer-provided plan (since about 5 months ago) (that appears to be worse than the ACA option) it's going up noticeably for 2020. The smallest reform to the healthcare system that I think would be substantially beneficial, is just to let ACA plans compete for employed people on an equal basis. It's unreasonable that once you have a job then you have to pay way more for a marketplace plan. I'm nowhere near my deductible for the forseeable future, but certain office visits doubled in price just because I have a job with a temp agency that provides shitty insurance that effectively disqualifies me for an ACA plan.