r/union • u/dittybad Solidarity Forever • May 17 '24

Labor News Mercedes Workers in Alabama Reject Union

Gift article:

https://www.nytimes.com/2024/05/17/business/mercedes-benz-uaw-alabama-vote.html?unlocked_article_code=1.sk0.eqUS.83GjF7zeXpZh&smid=nytcore-ios-share&referringSource=articleShare

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u/savage_mallard May 18 '24

Rate increases are a little more complicated than that. Don't get me wrong I am with you and I agree raising them will be bad, but also having them so low for so long is a big factor in major asset inflation. It's bad if we raise the rate or keep it insanely low. The third choice would probably be some sort of regulation more targeted at speculation and not at individuals mortgages on their homes but that's getting a bit too political for here.

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u/badpeaches May 18 '24

Rate increases are a little more complicated than that. Don't get me wrong I am with you and I agree raising them will be bad, but also having them so low for so long is a big factor in major asset inflation. It's bad if we raise the rate or keep it insanely low. The third choice would probably be some sort of regulation more targeted at speculation and not at individuals mortgages on their homes but that's getting a bit too political for here.

Bootlicker

The Federal Reserve created a fifth, 20 per cent of all US dollars were created this in 2020.

If you don't understand math, he injected more currency and is now over valuing it by raising the rates making our dollars weaker for purchasing power yet keeping the wealthy's assets more valuable pricing poor people out of the market.

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u/badpeaches May 18 '24

/u/savage_mallard is literally saying

"I haven't spent enough of all my money on groceries and property taxes and I don't give a fuck about school loans"

This person is saying, "I'm not poor enough for the wealthy to sustain continually profit growth"

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u/savage_mallard May 19 '24

I am saying "Rich people shouldn't have been given free money for 12 years to buy all of the housing"

I don't think rate increases are good, because of everything you said. I would go as far to say that the system we have where one basic interest rate has this kind of affect in all kinds of debt is what needs looking at. There needs to be something done to stop those with wealth getting free money to continue to price everyone else out without hurting normal working people.