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Amatuer
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241 Posts
Inflation is a tax on your savings account.

You got $10000 in your savings account and inflation is 50%, then the government just taxed you $5000 dollars. You still have $10000 in your account, but it is actually worth what $5000 dollars was.
 

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Full Of It.
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787 Posts
Obviously the "Free Market" isn't working quite right. Big Oil is purposely manipulating output to prop up prices....

Is it wrong? Hard to say, the point of business is to make money.....but at what point is reducing supply criminal?
 

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Registered
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3,496 Posts
Discussion Starter #5
Obviously the "Free Market" isn't working quite right. Big Oil is purposely manipulating output to prop up prices....

Is it wrong? Hard to say, the point of business is to make money.....but at what point is reducing supply criminal?
The vast majority of oil supply is controlled by sovereign nations.
 

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"The" masheenist
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5,444 Posts
The vast majority of oil supply is controlled by sovereign nations.
True. It's really not a free market at all. It is very much regulated and manipulated for their needs.

Darrell.


...and the government collects more on a barrel of oil and it's related use in taxes than any other entity.
 
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