Inflation surges as consumer prices leap 5%, biggest jump since 2008
submitted 2 years ago by atrust from (nypost.com)
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[–]Zapped 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 2 years ago (2 children)
I know. I thought I'd play along.
There was a Dave Chapell Show skit where black Americans were given reparations. If you haven't seen it, most people spent the money on cars, tv's, jewelry. The money ended up back in the hands of the few. I see something like that happening to lots of people if we were all given $100K. Come to think of it, I saw just that with both the Covid-relief checks as well as the extra unemployment checks. Supposedly debt was paid down, too, but I saw lots of needless spending on imported items.
[–]hennaojichan 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 2 years ago (1 child)
I saw it and it's one of his classics: dolla, dolla bill, yo. Be careful, white folks around.
My grandad would sometimes mention redistribution of wealth. Redistribute the money on Monday and by the next Sunday, it would be back in the same hands.
[–]Zapped 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 2 years ago (0 children)
Look at all the lottery winners who lost it all in a few short years. I have seen people go through $100,00's in short order after inheriting it. My wife saw a family go through $ millions in less than 10 years after a lottery win. There is a reason wealth stays in families. Finances is mostly a skill passed down generationally. It helps if you have backing from the family when you start out in life, but you have to know how to keep it and grow it.
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[–]Zapped 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (2 children)
[–]hennaojichan 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (1 child)
[–]Zapped 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)