Hard Boiled
Seagull Seancer
- Jul 31, 2022
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The reason why the quality of life in Thailand is better than the USA is because of inflation. Inflation is when the government prints more money, usually the rate of printing money is greater than the growth rate of the economy. This means if you have 100 USD it will be worth less in 5 years. Your 100 USD will be worth less since businesses will charge more for products they sell to absorb the extra money in the economy.
The main counter argument for money printing inflation goes along the lines of "inflation is irrelevant since companies can just increase wages to compensate for the higher inflation rate" this quote and line of thinking is why our lives fucking suck and why geomaxxing is our only option. The previous counter argument is retarded since different industries grow at different rates. Since tech is a fast growing industry they can increase wages in line with inflation which is why US companies offer computer engineers 100,000 USD a/year salaries. On the other hand a metal plate fabrication company can not increase their wages in line with inflation because they do not earn enough to do so because if inflation increases so does the cost of materials which results in less money left over to pay staff. Also, some economies like the UK are stagnant from the 2008 financial crisis (thanks (((Boomers))) ) which means companies are not profitable enough to increase wages in line with inflation. This is why a UK software engineer earn about 58,000 USD whilst an American earns almost double that. It is also why if you remove London out of the picture, the UK has a worse quality of life than Mississippi. Through the mechanisms I have just explained, "just print more money bro" creates inequality, gentrification, an exploitative reliance on immigration, homelessness (and drug addiction from living on the streets) etc.
Another misunderstanding of inflation is that "inflation is fair because it fucks everyone over, including the rich". This is wrong since the rich own assets which appreciate (increase in value) over time the rich also can afford to save and invest their money to counter inflation and protect their wealth. Because of this, inflation disproportionately affects people who do not have assets, who are the poor and the young.
TL;DR; Niggas are retards. Inflation affects your entire life. Live in a country with a low inflation rate.
The main counter argument for money printing inflation goes along the lines of "inflation is irrelevant since companies can just increase wages to compensate for the higher inflation rate" this quote and line of thinking is why our lives fucking suck and why geomaxxing is our only option. The previous counter argument is retarded since different industries grow at different rates. Since tech is a fast growing industry they can increase wages in line with inflation which is why US companies offer computer engineers 100,000 USD a/year salaries. On the other hand a metal plate fabrication company can not increase their wages in line with inflation because they do not earn enough to do so because if inflation increases so does the cost of materials which results in less money left over to pay staff. Also, some economies like the UK are stagnant from the 2008 financial crisis (thanks (((Boomers))) ) which means companies are not profitable enough to increase wages in line with inflation. This is why a UK software engineer earn about 58,000 USD whilst an American earns almost double that. It is also why if you remove London out of the picture, the UK has a worse quality of life than Mississippi. Through the mechanisms I have just explained, "just print more money bro" creates inequality, gentrification, an exploitative reliance on immigration, homelessness (and drug addiction from living on the streets) etc.
Another misunderstanding of inflation is that "inflation is fair because it fucks everyone over, including the rich". This is wrong since the rich own assets which appreciate (increase in value) over time the rich also can afford to save and invest their money to counter inflation and protect their wealth. Because of this, inflation disproportionately affects people who do not have assets, who are the poor and the young.
TL;DR; Niggas are retards. Inflation affects your entire life. Live in a country with a low inflation rate.