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Gasoline is a small fraction of most people's monthly expenditures. At-the-pump taxes don't contribute much to inflation because they're a fraction of a fractio
by smt88 5y ago
Gasoline is a small fraction of most people's monthly expenditures. At-the-pump taxes don't contribute much to inflation because they're a fraction of a fraction.
The value of the dollar was already plummeting because of three simple things: people have a lot of dollars, they all want to buy the same things, and the supply of those things dropped during the pandemic.
When people have a ton of money saved, they can get cheap loans, and they all want houses, cars, and electronics, you're guaranteed to get inflation.
It also so happens that houses, cars, and electronics are also things that suffered supply shocks during the pandemic.
- samstave 5y agoRebuttal: My good friend works at the French Laundry. If not familiar, arguably the best restaraunt in the world. (The one where Gavin Newsome was caught maskless the day after he annunced mandates, etc) -- They make $12/hour. They seat people at $between $350 - $850 per seating per night. They own the garden across the street and Kelly owns pretty much a 4 block radius. The menu includes a statement of "Service included" <-- THIS DOES NOT MEAN TIP. and its a specifically amiguous term on the menu. Menu is for FOOD. Not pairings or upgrades such as truffles, now corkage, nor any bottles one may purchase. --- MANY times, groups will buy out the rest. such as banks, etc. MANY times, they feel "service is included on their ~100K bill, and thus dont leave a tip. So, a crew, making $12/hr servicing banking folk, make NO TIPS. Further, when tips are collected, they are further fucked over. You dont live in Yountville, to work at TFL. You have to commute. You have to work 12 hour shifts 6 days a week. You are constantly robbed on tips. Rich people are just as much of fucking douchebags as normal people. (You know how many get drunk and fall down the stairs, break their arms
- smt88 5y agoI honestly have no idea what you're talking about, but your anecdote about a single person at the French Laundry in one of the most expensive places in the world is not a rebuttal for anything I said. I don't think you're wrong that rich people are rigging society in their favor, but they're not doing it through gas taxes.
- samstave 5y agoThank you for your feedback. Please share your perspective.