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This may not be directly related the Register piece, however it seems appropriate for the broader discussion. Asset prices need to come down. Waaaaay down. Sin
by no_wizard 3y ago
This may not be directly related the Register piece, however it seems appropriate for the broader discussion.
Asset prices need to come down. Waaaaay down. Sink like a stone.
Will it hurt? you bet. It'd probably even affect me, most likely, but we'd eventually survive, and the recovery would be roaring comparatively.
This is the only way to reset the economic imbalance at this point I feel. Companies aren't going to just lower prices out of the goodness of their hearts, they're going to capture all these price increases as much as possible even when the cost of raw materials starts coming down, wages decrease etc.
Everyone needs to feel it, top to bottom, on some level, for this to get better.
I'd like to see higher taxes too, mostly via closing of loopholes and treating capital gains as normal income vs actually raising the tax rates.
- MarcoZavala 3y ago[dead]