4 ms·

Taxes could work. Maybe they will push to create a national health system. The poor would go from getting 10-25% of their yearly income from the Feds via vario

Taxes could work. Maybe they will push to create a national health system. The poor would go from getting 10-25% of their yearly income from the Feds via various tax give awaysa to actually paying 10-15% of their income. That would cool the economy as you pass higher taxes further up the progressive tax chain. Most middle class members would probably end up paying $10k per year in new taxes. They could also pass a carbon tax. Energy costs would double or triple. Suddenly the average home would pay $1800 per month to keep their food from spoiling. Essentially lock large amounts of money into required bills. Edit: even if 1800 is on the high end, the cost shock of taking an apartment with $250 per month to 500-700 will still put a huge cooling effect on inflation. And yes, large portions of the United States need A/C and more will to cope with climate change. Also think of the cost to businesses of all sizes. Keeping offices, showrooms, and other such buildings will limit hiring and pay raises.

BiteCode_dev 4y ago
A $1800 energy bill would supposedly be the triple of a $600 energy bill that people pay for their fridge ? I got a fridge, a freezer, a giant screen a phone, a dyson, an electrical water heater and a computer and various electrical cooking appliances. I pay $60 a month. Who pays $600? Is that a common price in the US?
- leetcrew 4y ago
  I dunno about $600. $200-300 was a typical bill for an older detached 3BR when I was in college. split several ways of course. it wouldn't surprise me if people with significantly larger (and poorly insulated) houses paid a lot more, but that wouldn't be common. AFAIK, the vast majority of an energy bill typically comes from heating and cooling. appliances don't contribute that much. in my current 1BR, with great insulation and neighbors above, below, and on both sides, I too pay about $60 for utilities.
- geoduck14 4y ago
  Do you have an air-conditioner?
  - BiteCode_dev 4y ago
    No, however heating is $200 if electrical. But I work from home, so it's always on high temps, unlike for most people. Also, that's still far from $600, that's not anymore "preventing your food to spoil", and that's only a few months a year. A/C as well, you don't usually use it in december in most parts of the US. So yeah, I find this number surprising for a very rich country that should have great infrastructures.
- hindsightbias 4y ago
  For an older McMansion in TX or FL, not far out of line.

BiteCode_dev 4y ago

A $1800 energy bill would supposedly be the triple of a $600 energy bill that people pay for their fridge ? I got a fridge, a freezer, a giant screen a phone, a dyson, an electrical water heater and a computer and various electrical cooking appliances. I pay $60 a month. Who pays $600? Is that a common price in the US?

leetcrew 4y ago
I dunno about $600. $200-300 was a typical bill for an older detached 3BR when I was in college. split several ways of course. it wouldn't surprise me if people with significantly larger (and poorly insulated) houses paid a lot more, but that wouldn't be common. AFAIK, the vast majority of an energy bill typically comes from heating and cooling. appliances don't contribute that much. in my current 1BR, with great insulation and neighbors above, below, and on both sides, I too pay about $60 for utilities.
geoduck14 4y ago
Do you have an air-conditioner?
- BiteCode_dev 4y ago
  No, however heating is $200 if electrical. But I work from home, so it's always on high temps, unlike for most people. Also, that's still far from $600, that's not anymore "preventing your food to spoil", and that's only a few months a year. A/C as well, you don't usually use it in december in most parts of the US. So yeah, I find this number surprising for a very rich country that should have great infrastructures.
hindsightbias 4y ago
For an older McMansion in TX or FL, not far out of line.