"And if you thought this was unimportant to you, remember BLS calculates the CPI used for Social Security COLAs, as well as the headline CPI used to calculate TIPS yields. Oh, also the inflation adjustments to the marginal tax rate thresholds…" #econsky econbrowser.com/archives/202...
For those that look at Trumps childish tantrum yesterday and firing the head of the BLS because he didn’t like her employment numbers, know the BLS also calculates the CPI number that sets Social Security increases.
Yes, angry at groceries now. Everything went up during COVID and have never gone down. So tired of the B. S.
MAGAots absolutely have no idea what you are talking about.
The finance world should be screaming. How can we trust their finance products if we don’t know the health of the economy
It's easy to overlook, but those CPI updates have a real impact on our finances. It’s the small details that can turn into big losses or gains. Always good to stay informed about how these adjustments ripple through our wallets!
Wow! Another case of cascading damage due to the King-of-pedophiles. No surprise.
So we'll just be seeing "good numbers" from now on. Because they tell us so. Orwellian. 🤨
This last labor report will be the last honest one.
They are gonna fuck this up so bad, they're gonna have to give us UBI..
Crazy town.
trump should be in prison. He is a traitor to our country!
Yes and he is building up his personal law enforcement and military force, ice. Wonder how much longer our military will have for action to help take back our country before they’re no longer overpowering enough to do so.
We must demand to know where the money is coming from and that it be spent on the cancer research, snap, Medicare/Medicade, Vets services etc that they just cut in the budget bill because they claim there was no money!!! youtu.be/P8YBsrore5g?...
Hey. Lower inflation rates means more taxes the rich are going to pay
I'm not sure if you know what you mean 🤔
Lower inflation means tax brackets dont get indexed to higher numbers. Meaning if a tax bracket gets indexed to 510,000 instead of 520,000, the 10,000 difference is taxed at a higher rate.
quantpedia.com/the-impact-o....
Whatever dude. You didn't bother to read and understand what I wrote. So blabber on.
The Impact of the Inflation on the Performance of the US Dollar - QuantPedia share.google/6HCj3b3wAyiE...
Ok. Just facts. Touch grass. Facts are there.
Unless, interest rates are adjusted. But, the never happens. Your Dollar is less powerful with high inflation.
No. Inflation does not affect income..
No, you clearly don't understand what I am saying. The CPI affects tax brackets. If inflation is low, it means the increase in the tax brackets will be lower.
Please explain how 🤔
See below. Lower increase in the tax brackets, which means more of the income will be subject to a higher tax rate.
Wow, what a consolation
Yes, and remember how trump pushed for "his" data on Covid cases! www.nytimes.com/2020/07/14/u...
www.wired.com 3 ; www.yahoo.com/news/article...
www.techcrunch.com @stephenking.bsky.social ;
www.wired.com ; A.i moving at geomentric rate quantum computing will not abide by and Moores Law it will be exponential until rate data consumes every human past singularity A.i will have no need for humans or the human touch it will be Self Aware and eliminate anythreats before they become a threat
This is a back door effort to privatize Social Security. He will make up numbers and say how bad SS is hurting the economy, pass an EO to reduce our payments while everyone sit on the side line and let a FELON steal from the poor to give to the rich. Is anyone following the money trail? WAKE UP!!
That's right beotches! We about to have some record breaking numbers! It might feel like anal penetration, butt maga!
@mcuban.bsky.social will you help save PBS? Are there any folks with tons of money that still care about democracy and truth?
Yes and how about funding the Texas walkout fines if needed
And this business “genius” would look like this 😳 after reading your post - to him, COLAs are what you have with your McDonalds 🍔🍟
Pure cane sugar COLAs😮No HFCS
Yeah but on the other hand maga needs their own special reality.
This matters !!!
Oh it’s important for sure 👍🏽
Banana Republic
I keep the BLS inflation calculator site saved on my phone to help show people how much things costs back in their day vs today and compare it to incomes then and now. It is a show stopper. The regime wants to rewrite math. And science. And history.
Sign up for Robinhood with my link and we'll both pick our own gift stock 🎁 join.robinhood.com/joset-d04cf7c5
Say goodbye to reliable economic analysis. The markets are gonna find another way to calculate stuff. Consumer Price Index? Anybody buying groceries or gas or paying utility bills or rent/mortgage will sort that out without having to be fed bullshit.
This can bite the administration in the butt bigtime. If they say inflation is 1% and people are paying 10% more, it will reduce trust in anything this administration says.
Reduce trust? Who the F trusts these fkrs?
Well MAGA. But the market trusts govt numbers. Once its proven that you cant trust the numbers, watch the markets look to other more objective measures
The FKR is going to go full Dictatorship before letting the markets think on their own and the markets are not putting any barriers. Look at Putin. Look at Maduro. Etc.
Trust? That's the bs folks are still on🙁What's it gonna take since the books have already been cooked.
It is all so frightening
I'm sure that was at the very top of trump's mind when he made his decision...