October 23, 2022 – A Beginner’s View : Inflation, the Economy, Climate, Clean Energy, Health etc, How Are They Related in Our Current Everyday Lives? – An On-Going Inquiry, Part 9 – #Inflation and Our 2022 Mid-Term Election to Keep/Improve Our #Democracy

Factcheckers Agree With Katie Porter And Her Whiteboard That Corporate Profits Drive Inflation Price Increases 10.22.22 https://www.politicususa.com/2022/10/22/factcheckers-agree-with-katie-porter-and-her-whiteboard-that-corporate-profits-drive-inflation-price-increases.html
Factcheckers Agree With Katie Porter And Her Whiteboard That Corporate Profits Drive Inflation Price Increases 10.22.22

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 :

https://www.salon.com/2022/10/19/katie-porter-pulls-out-chart-at-hearing-to-show-corporate-greed-is-the-biggest-driver-of-inflation_partner/

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https://www.politicususa.com/2022/10/22/factcheckers-agree-with-katie-porter-and-her-whiteboard-that-corporate-profits-drive-inflation-price-increases.html

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https://www.thebharatexpressnews.com/fact-checkers-agree-with-katie-porter-and-her-whiteboard-that-corporate-profits-drive-inflation-prices/

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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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Voting, in our democracy, is the purest form of expression.
Dissenting, affirming, protesting – 
– all flow through the form of the ballot, not, the bullet…

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Stay well everyone – for oneself, and for those who need us most..the children….

Adan

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See & Buy My Art 👩‍🎨 🎨 ❤️
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My Latest Posts On My Website!

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Thanks again, everyone! 😊

Adan

Artist self portrait - photo of Felipe Adan Lerma on converted railway track bike ferry for the Island Line Trail connecting mainland Vermont to South Hero on Lake Champlain.

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