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!
- Side by Side, Comparing the Same File With Differing Export Settings – 10.18.26, Updated 101926I feel this new format now presents the physical presence of my work closer to actuality as I myself see it, especially in regards to textures, colors, value changes, etc.
- Reformatting Images of My Art for Truer Representation, Even if Only Slightly“I know 1st things I’d want to know is how are my newer images better, and how can I apply this to more of my work….”
- My Most Viewed Image Last Week at #FineArtAmerica – Praying Together 2026 8×10I feel this new format now presents the physical presence of my work closer to actuality as I myself see it, especially in regards to textures, colors, value changes, etc.
- Reformatting Images of My Art for Truer Representation, Bit by Bit, LiterallyI feel this new format now presents the physical presence of my work closer to actuality as I myself see it, especially in regards to textures, colors, value changes, etc.
- Color & Texture — Texture & Color
- My Original Source Photo for Series of New Paintings – San Francisco Golden Gate BridgeThe image opportunity itself was via an evening boat ride my wife Sheila and I took on our so-far only trip to San Francisco a couple years ago.
- Intro: Grappling With Organizing My Series Paintings from My Original Photos into GroupsMy Collections page at Saatchi Art includes collections by style or place plus works in a specific series. Best I can do for now, lol! Hopefully improve over time 🙏 😊
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Thanks again, everyone! 😊
Adan
Twitter / Instagram / FB @FelipeAdanLerma
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