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And you expect me to believe Harris will cut taxes?

And you expect me to believe Harris will cut taxes? | Kamala saying she'll lower inflation; Inflation is up over 20% under Biden/Harris | image tagged in people who don't know vs people who know,kamala harris,inflation,taxes,president trump,trump 2024 | made w/ Imgflip meme maker
People Who Don't Know vs. People Who Know memeCaption this Meme
14 Comments
[deleted]
2 ups, 2mo,
1 reply
Inflation is sitting at 2.4%, which is the same level it was in February of 2021.

I expect Republicans to be innumerate, and I wasn't disappointed.
1 up, 2mo,
1 reply
Using the inflation calculator from the inflation calculator.com.

An item bought on 2020 for $1 now costs $1.22

The current inflation rate is down, but the damage has been done

But you knew that already, right?
[deleted]
1 up, 2mo
The inflation rate is down, long term investments (houses, stocks, retirement funds) and wages are all up - that's how currencies designed to inflate (as the dollar is) work. Money supply expands to deal with downtimes, inflation happens as it recovers, and then wages and prices stabilize at the new level.

Prices really only go down on the whole (i.e. not related to specific demand) when the currency deflates, and that's an extremely bad thing - as in you're headed into an imminent depression - for the economy.

So yeah, I knew that already.
[deleted]
1 up, 2mo,
1 reply
20%….
I know yall just make up how much inflation is up by but 20%….
If your gonna lie be more realistic.
1 up, 2mo,
1 reply
Using the inflation calculator from the inflation calculator.com.

An item bought on 2020 for $1 now costs $1.22

The current inflation rate is down, but the damage has been done

But you knew that already, right?
[deleted]
1 up, 2mo,
1 reply
Inflation isn’t measured over 4 year time spans. 🤦🏻

If that were the case Trump would have like a 37% percent inflation rate.
1 up, 2mo,
2 replies
Why not go to the website, punch in 2016 and 2020, to see what that dollar did
[deleted]
1 up, 2mo,
1 reply
Better yet, go look up the M2 supply between 2016 and 2024 and tell us where all this inflation came from in the first place.
0 ups, 2mo
Dang, he and his alt deflected the ball
[deleted]
1 up, 2mo
“Me Use number in app and don’t account for outside forces that contribute positively or negatively to inflation like the Obama economy, Covid 19, and corporate price gouging”

“Me also support candidate who want universal 20% tariff on all goods because me no not how inflation or economy works.”
0 ups, 2mo,
1 reply
Egg prices are up over 50% under Biden/Harris https://www.foxbusiness.com/economy/how-it-started-how-its-going-price-eggs-milk-steak-up-biden-took-office and https://www.nerdwallet.com/article/finance/why-are-eggs-so-expensive
[deleted]
0 ups, 2mo
How it actually started:

https://www.reuters.com/article/markets/commodities/trump-administration-rolls-back-us-inspection-rules-for-egg-products-idUSL1N2G51M7/
0 ups, 2mo
I'm not saying Trump had the best economy of all time (he didn't). Inflation will always rise, but under Biden/Harris it skyrocketed and it's outrageous to try to argue otherwise.

Try looking at the price of gas and eggs for once instead of just arguing without facts please.
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Kamala saying she'll lower inflation; Inflation is up over 20% under Biden/Harris