https://www.politicususa.com/2022/10/22/factcheckers-agree-with-katie-porter-and-her-whiteboard-that-corporate-profits-drive-inflation-price-increases.html
So 1st thing I’ll say is, if the service or product is not essential in our contemporary world to live – at all, or healthily – then the seller can “probably” sell at what ever price she or he or they wish.
And while true that any price guidelines / control can be a slippery slope, we also already know price gouging has easily done slipped-slid-and-sunk into its own quicksand of problems ( price gouging after hurricanes etc; denying affordable insulin at affordable prices to the point of letting people die; needless wars, though yes, sadly, some are ).
Bottomline here is – as some of my recent posts show, before I even knew of Katie Porter’s recent chart about inflation causes, during a House of Representatives hearing – inflation is not primarily driven by workers’ wages, but – most recently, and predominantly – by a 70 year high spike in corporate pricing.
And one can’t really dismiss the effect Climate Change & the need for Clean Energy are having on food supply, clean water availability and the very air we need to breathe to live.
But one can’t have a 70 year record rate of corporate profit on top of all that headwind and not contribute to inflation.
Katie Porter bravely brought the data, and to their credit, numerous media outlets ran with it – here’s a sampling :
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But there’s 47% other reasons for current inflation, including an imbalanced tax system, mostly skewed against those of us ( we’re all in this together ) with the least ,if any, discretionary income, passive or otherwise.
And then there’s simple supply and demand —
And there’ll always be a demand for healthy food, clean water, and energy to stay cool or warm.
And, with shortages due to climate change and pollution of our planet increasing with no trustworthy end in sight, #CleanEnergy is our most direct path to producing and correcting both those necessities.
It’s good to have folks like Katie Porter, and of course Bernie Sanders to remind us 😊
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Stay well everyone! Stay hopeful!! ❤️ 🙏
Adan
My climate related posts – https://felipeadanlerma.com/?s=Climate
My inflation related posts – https://felipeadanlerma.com/category/inflation/
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I support passage of The Voting Rights Act 🙏❤️😊
Adan
Voting, in our democracy, is the purest form of expression.
Dissenting, affirming, protesting –
– all flow through the form of the ballot, not, the bullet…
Stay well everyone – for oneself, and for those who need us most..the children….
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See & Buy My Art 👩🎨 🎨 ❤️
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My Latest Posts On My Website!
- New Painting Series – Island Land Trail Sunset Vermont 2026 – Gaining Perspective About My Experience of Painting Doing Series of SeriesIt’s a welcome surprise to realize how rich one’s life experience can be, even within seemingly single short time frames themselves! I feel this new small study, with its misty soft blues and distant vistas is a nice reflection of that.
- Voter ID – ReVisiting John R. Lewis’ 2021 Voting Rights Proposal That Failed – What’s Different Now – And Why Not Debate it With the Current 2026 Voting Rights – Together?This is a short post I seldom write up. A political post. Understandly so. There’s a lot of the usual “they” don’t want this or that now talk from this or that political party.
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- 1st Cabin Light Study 2 2025Yes. The new day has begun….
- 1st Cabin Light Study 1 2025I wasn’t sure when to stop but my own waves of self, conscious of the need to rest joined the earth before me, an image shaped by pigments from itself.
- I was born at the Dawning of the Age of Aquarius and I’m Very Angry, but….I now see a wonderful opportunity and challenge in creating series of captured memories from my photos, and exploring/mining them for what I both remember, feel, and discover new ❤️
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Thanks again, everyone! 😊
Adan
Twitter / Instagram / FB @FelipeAdanLerma
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