Stop Raising Interest Rates And Tariffs For Problems Created By Corporations. There's A Better Way

[Toddsterpatriot]

But subsidizing oil companies is ok. That the story you're sticking to genius?

Show me that imaginary oil subsidies are in any way equivalent to handing
our domestic steel industry cash in order to save consumers money.

 

[sealybobo]

A short segue: Inflation is generally caused by too much money chasing too few available goods and services. The truth is that most of our shortages, if any, are manufactured by manipulative corporations (cutting production/distribution of oil is the perfect example) or by corporate ineptitude (e.g., offshoring coupled with just-in-time inventory).

The progressive perspective suggests a paradigm shift in addressing these economic problems. The government could subsidize American steel production rather than penalize consumers with higher costs and restrict economic activity. This would lower the cost of domestic steel, making it more competitive without imposing additional financial burdens on consumers. Furthermore, such a strategy would keep economic activity buoyant and maintain money circulation within the U.S., potentially leading to higher production volumes and employment in the steel industry.

Another innovative proposal is the idea of taxing corporate profits that are seen as contributing to inflation. The tax revenue generated could then be redistributed to Americans, offsetting the higher costs imposed by corporate pricing strategies. This approach alleviates the financial strain on consumers and holds corporations accountable for their role in economic inflation.

If the corporate sector decides to penalize the market by creating scarcity, we, the people, must give them the option to be responsible citizens or penalized. We should remember that corporations used to have charters of existence for a limited time for a purpose beneficial to society. If they cannot behave for societal good, their inexistence is preferable.

Stop raising interest rates & tariffs for problems created by corporations. There's a better way

Our government and economic system ask the poor and middle class to pay tariffs and higher interest for problems created by the private sector and others. There is a better way. Stop raising interest rates & tariffs. Watch Politics Done Right T.V....

www.dailykos.com

Nice company you got there. Be a real shame if something happened to it.

Fed Chair Powell Opens the Door For Lower Interest Rates in September

Federal Reserve Chair Jerome Powell discussed what it would take for the central bank to cut interest rates at its next meeting in September at Wednesday's press conference.

www.investopedia.com